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Investment opportunities What to do with the savings in inflation?

Status: 22.06.2021 12:28 p.m.

Even in times of rising prices and zero interest rates, many Germans have their money in savings books or call money accounts. But if you want to protect your savings from inflation, you need alternatives.

From Lothar Gries, tagesschau.de

Consumer prices in Germany rose by 2.5 percent in May – more than they have been for almost ten years. At the same time, there is practically no more interest on overnight and fixed-term deposits, the most popular form of investment among Germans. Cash is also in great demand. The value of the notes issued by the Bundesbank rose by 9.5 percent last year. A similarly high growth rate was last seen in 2014. At the end of May 2021, banknotes issued by the Bundesbank to the value of 839 billion euros were in circulation, 52 billion or 6.6 percent more than a year earlier. But if you want your money to grow, you have to consider other investments than hoarding cash or putting it on savings accounts. There is no shortage of alternative investment opportunities. The long lucrative federal bonds are no longer one of them. The yields on these securities have fallen below zero since August 2019. Investors who lend money to the German state have to pay for it – a turning point, as they still got a return of five percent at the beginning of the millennium. “Today federal bonds have no place in assets that are designed to maintain or increase in value,” explains Ulrich Kater, chief economist at Deka-Bank, which is part of the savings bank group.

No prospect of rising interest rates

Investors should also not give in to the hope that consumer prices, which have recently risen again, will lead to higher interest rates. Inflation is likely to accelerate further until the end of the year, but the European Central Bank (ECB) has repeatedly emphasized that it will adhere to the zero interest rate policy. The priority is to stimulate the economy again after the corona crisis, said ECB boss Christine Lagarde. In addition, the current rise in inflation is only temporary.

Investments that are considered to be risk-free, such as savings books and fixed-term deposit accounts, no longer offer any prospect of positive returns for the time being. In order for the saved to experience growth, stocks in particular offer themselves as a way out. Fund savings plans, for example, are a good way to get started. Investors pay regular amounts, in many cases from 25 euros upwards, into an investment fund in which various securities are bundled and which is managed by professionals. Alternatively, of course, investors also have the option of taking their money into their own hands and buying shares in individual companies on their own. In the past few years, you couldn’t go wrong when buying technology stocks.

Alternative ETF?

If you don’t dare to do this, but still want to invest in stocks, you can invest your money in a so-called Exchange Traded Fund (ETF). These funds replicate a stock market index (often with so-called derivatives). This can be the German share index (DAX) or other indices such as the US leading index Dow Jones. The performance of an ETF is closely linked to the respective index. As a result, the fees are usually lower than with other funds. Investing in the stock market is of course not without risk: If the index behind an ETF falls because the stocks in it fall, the fund also loses value.

Nevertheless, ETFs are enjoying growing popularity. According to industry experts, there are almost 7,000 of these funds. This is also due to the low interest rate phase. It ensures that more people invest their money in funds than before. Many have done well with this strategy and have achieved better returns than they would have achieved on a call money account. For example, an ETF on the DAX alone has generated a return of 55 percent in the last five years – provided that you kept your nerve at the beginning of the pandemic and did not sell when the markets collapsed by a third in spring 2020.

Gold and open real estate funds

A popular investment, especially in times of crisis, is gold. The corona pandemic has confirmed this again. By early August 2020, the price of a troy ounce (31.1 grams) had risen to an all-time high of $ 2,063, around a third more than at the beginning of the year. But then things went downhill again, to $ 1,684 in March. It is currently $ 1,775. In fact, gold is extremely volatile because the price is mainly driven by demand, because it has no “intrinsic value” like companies do. The precious metal is therefore not considered a reliable investment. There is also the often unsafe storage of bars or coins.

Those who shy away from the capital market and don’t believe in precious metals can also invest their money in real estate funds. They collect capital from investors and invest it in offices, shopping centers, residential buildings or logistics centers. The so-called open real estate funds are particularly popular with private investors. The income from such a fund, i.e. the rental income after deducting costs, is distributed to the owners as profit. With well-managed funds, an annual return of four to five percent can be achieved, a little more than the inflation rate.

Sometimes there is a risk of total loss

But the system has a catch. A minimum holding period of 24 months applies to open-ended real estate funds. An investor must also announce the return of his money to the fund company. Then he will get his system back after twelve months at the earliest. So if you have to get your money at short notice at any time, you should refrain from such investments.

The examples show that there is no shortage of alternatives to the savings book or a federal bond. But if you want to increase your money, you also have to be prepared to take risks. In some cases, for example when purchasing shares, there is even a risk of total loss, as the example of Wirecard recently showed. A look abroad – especially the USA, where far more people own shares than in Germany – shows that long-term wealth can only be built up with investments in the capital market

Real estate market in Europe Construction is not booming everywhere

Status: 16.06.2021 2:01 p.m.

Construction is one of the boom industries in Germany even during the crisis. But what about in other European countries? Our correspondents report that the situation there is only partially comparable.

Poland: increasing demand, increasing prices

By Jan Pallokat, ARD studio Warsaw Anyone in Poland who thought that the corona pandemic would slow down the construction industry, which has been booming in the country for years, was caught on the wrong foot at the beginning of the year. Housing construction in particular is buzzing even more; In the first quarter, developers in major cities sold 40 percent more than in the previous year and three percent more than in the previous record year of 2017. And because the supply of modern living space still lags behind demand in the country, the sales prices achieved are also rising steadily: on average by almost eight percent for new buildings and six and a half percent for used residential property. The rising prices for building materials and an increasing shortage of staff also play a role here. Because construction workers are scarce, market experts are now warning that construction sites could be paralyzed in rows during the high season in summer. The downside of the building boom: home ownership is often unaffordable for young families. Already today, 43 percent of under 35-year-olds in Poland lived with their parents, the Eurostat statistics office recently reported. This puts Poland in the top group in the EU when it comes to “Hotel Mama” and is on a similar level to Italy.

Spain: no construction boom in sight

By Reinhard Spiegelhauer, ARD studio Madrid Construction boom and Spain – wasn’t there something? Yes, Spain has actually experienced an absolutely ludicrous construction boom – but that was 20 years ago. In the nineties and noughties, the number of planned apartments practically doubled from year to year – up to the highest level in 2006 with almost 900,000 apartments. Then came the big bang: the real estate bubble burst, banks had to be bailed out, Spain rushed past bankruptcy, hundreds of thousands could no longer service their real estate loans, apartments were evicted. The market then recovered very slowly. But still, roads, lamps and park benches built in boom times are rotting in many development areas. In 2019, the year before the corona pandemic, the foundation stones were laid for a good 100,000 apartments. Since then, however, the sector has largely been paralyzed again. Unemployment fell again after peaking at around 25 percent after the euro crisis, but it again reached 15 percent during the pandemic. For young adults it is more than 30 percent. According to experience from the times of the real estate bubble, far stricter criteria now apply to the granting of loans. All of this is currently preventing any kind of construction boom in Spain.

Switzerland: mainly redevelopment and densification

By Dietrich Karl Mäurer, ARD studio Zurich Instead of a “construction boom”, the umbrella association of the Swiss construction industry, Building Switzerland, speaks of “continuously good work”. A large part of the orders are so-called consolidations and energy-efficient building renovations. But not least because of the low interest rates, large investors like to invest in construction projects such as new building complexes with rental apartments. The demand is good, although there are vacancies in some rural regions. Housing is still in short supply in cities. This is also because net immigration has recently risen again; During the pandemic, many foreigners who actually wanted to leave the country after a certain period of time in Switzerland preferred to stay – mainly because of the comparatively difficult labor market conditions in their home countries. The construction industry accounts for ten percent of Switzerland’s economic output and employs around half a million skilled workers. According to a recent economic survey, the situation in the construction industry is stable. However, the limited availability of building materials and preliminary products could become a problem. Incidentally, real estate prices in Switzerland have risen faster than they have been in eight years.

Text | Chinese Business Strategies by Wu Su

In the Chinese food arena, Wang Shouyi’s thirteen incense and Lao Ganma are household names, and countless people have used them since childhood, and they can be called “national grandpa” and “national grandma” brands.

Both were once beautiful.

As early as 1998, the annual income of Wang Shouyi’s thirteen incense reached 400 million yuan, relying on “composite seasonings” to build a huge condiment business empire.

Laoganma is even more synonymous with hot sauce. There is no marketing, no financing, no loans, no listing, only with unique taste and low price, the market coverage rate in all parts of the country is as high as 90%, and even exported to foreign countries. Wherever there is, there is an old godmother.”

In 2019, Laoganma’s annual sales exceeded 5 billion yuan, a year-on-year increase of 14.43%, a record high.

It seems that these two national brands still have a huge consumer market, but in fact, due to domestic and foreign difficulties, their sense of existence is getting weaker and weaker.

First of all, the younger generations feel that it is too slow to make money from selling spices and hot sauces, and they can’t sit on the “cold bench”, trying to make quick money from the real estate market, but they are all killed.

Wang Taibai, the grandson of Wang Shouyi, who held tens of millions in cash at the age of 20, was the “successor” that the second-generation leader once deliberately cultivated. He hoarded dozens of properties in the UK, but he did not expect to encounter the financial crisis and almost lost everything. Property, only relying on the family to “assistance” can get through the difficulties.

Similarly, Lao Ganma Tao Huabi’s eldest son Li Guishan Nuggets Real Estate, also touched his nose.

The real estate company of which Li Guishan is the second shareholder develops a real estate, but it has been unable to accept it due to construction problems, project balance problems, etc., and is involved in a lawsuit. In addition, this company suffered serious losses. From 2013 to 2017, it had a total debt of 950 million yuan. It frequently appeared on the list of untrustworthy executors and was involved in nearly a hundred judicial cases.

In addition to the huge resource loss caused by cross-border, the hunting of copycat products has also reduced the influence of Wang Shouyi Shisanxiang and Lao Ganma.

In the field of compound seasonings, the “fifteen incense” and “eighteen incense” have sprung up like bamboo shoots after the rain, and they have fought guerrilla warfare with the “genuine products”. To this day, in some cities, these “li ghosts” sell more than the “genuine products” it is good.

Lao Gan Ma was also troubled by copycats and had to apply for registration of trademarks such as “Lao Gan Da”, “Lao Gan Da”, “Lao Qian Ma” and “Lao Shi Ma”.

Outside of the cottage, the “encirclement and suppression” of competitors made it even more difficult for them to resist.

Totole, Yihai International, which provides the base material for Haidilao, and Zhongjing Food, which uses mushroom sauce to beat the world, are all accelerating their attack on the city. Wang Shouyi’s thirteen incense is particularly silent.

Lao Gan Ma was chased by Lee Kum Kee and Spice Girls, and online marketing was relatively weak. At the beginning of the year, the media compared the hot sauce data with the highest monthly sales in each brand’s flagship store. The hot sauce brand “Fan Ye” founded by singer Lin Yilun had five times more than Lao Ganma.

Unfavorable factors are superimposed, Wang Shouyi Shisanxiang and Lao Ganma no longer have the style of the former leaders, but this also forces them to think about changes, and new growth points may be bred in them.

——END——

Welcome to pay attention to 【Chinese Business Strategies】, learn about the heroes, and read the legends of the strategies.

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The Weifang property market has fallen into a rather subtle and embarrassing state.

The Weifang property market continues to be in flames,

The hot ones are still hot,

No one cares about the unpopular ones.

What’s wrong with “destocking”?

On May 22, the second phase of Shangcheng Xifu opened for sales of 120 million yuan, and the next day announced a price increase of 200 yuan/㎡; on May 29, Dayou Shijia started selling 420 million yuan for the first time; Chengtou Aowen Mansion 16#, 18 #Dealization rate is as high as 87.6%. Among them, the unit price of Dayoushijia and Chengtou Aowen Mansion exceeds 11,000 yuan/㎡.

It is worth noting that behind the enthusiasm is the huge contrast between the general coolness of the Weifang property market.

In other words, the popularity of some properties is not representative. If you think that the Weifang property market is about to start a new wave of all-out madness, you are quite wrong.

In 2021, the Weifang property market will be two days of ice and fire, bid farewell to the general rise, and the differentiation will intensify.

The greatest value of real estate comes from the land. Any piece of land has its meaning, but different locations determine their fate and valuation.

In 2021, Weifang City’s available off-plan residential properties will be close to the big mark of 100,000 units. Although there are a lot of new listings entering the market every month, the rate of decentralization in the market is also accelerating.

According to data from the Zhongzhi Research Institute, from January to May 2021, the total sales amount of the TOP10 real estate companies in Weifang was 12.97 billion yuan, and the total sales area of ​​the TOP10 companies was 1.599 million square meters. Hengxin, a local brand real estate company, has performed outstandingly, with a sales performance of RMB 6.78 billion or 867,000 square meters, ranking first in both the sales amount and sales area rankings ； Shandong Gaochuang ranks first and second in the double list of sales amount and sales area with a sales performance of 1.17 billion yuan / 139,000 square meters ; Country Garden firmly ranks third in the sales value list with 930 million yuan / 124,000 square meters. The market share of branded real estate companies further increased.

From January to May of 2021, the sales value of the top four projects in Weifang’s commercial residential sales ranking list exceeded 500 million. Among them, CIFI Yinshengtai Boguan Tiancheng ranked first with sales of 570 million; the second was Vanke. City, the sales amount is 550 million; Sunshine Garden ranks third, the sales amount is 510 million.

From district counties, In May 2021, the high-tech zone will still be the main area, and the transaction area of ​​commercial residential buildings accounted for up to 32%, with a total of 182,700 square meters/1278 units; followed by Weicheng District, with a total of 96,900 square meters/750 units; again, Kuiwen District , A total of 81,100 square meters/603 sets were sold.

However, with the increase in the number of available houses in the market, buyers bid farewell to the hungry phase. When buying a house, the logic of self-occupation is beginning to overcome the logic of investment.

The current Weifang property market has gradually tended to a similar state: 20% of hot-selling properties and 80% of unsold projects; even 20% of the projects may take up 80% of the market’s sales volume.

It is not difficult for a discerning person to see that after the epidemic, they are still not afraid of the hot and cold real estate in the market. It probably has the following common characteristics: high-tech zone, complete supporting facilities, strong brand, and improved apartment layout.

Buyers in Weifang, start heading east!

Source: Weifang New Property Market

When the sales of developers such as China Merchants Shekou, China Shipping, Poly, and China Resources, which are also central enterprises, have reached hundreds of billions in sales, CCCC Real Estate’s 100 billion progress bar has just passed halfway.

In 2020, under the leadership of then President Li Yongqian, CCCC Real Estate achieved contracted sales of 53.3 billion yuan, fulfilling its sales target for that year. Due to the desire for scale, CCCC Real Estate will be quite aggressive in 2020. The company added 30 new land in the whole year, twice the amount in 2019, and its floor space has increased by 176.90% year-on-year to 6,355,900 square meters.

After a brief victory, the plight of CCCC Real Estate became more and more obvious. Even if the scale exceeds 50 billion yuan, the company’s profitability continues to fall, and the debt indicator has stepped on two red lines in a row. How to balance the scale and debt has become a difficult problem for CCCC Real Estate.

Three delays in accounts payable

After the transfer of assets to return funds, borrowing from the parent company’s real estate group, and the transfer of surplus funds from affiliated companies, CCCC Real Estate has launched a new round of financing measures.

On June 14, CCCC Real Estate disclosed that the company plans to carry out non-standard supply chain financial asset securitization business with Ping An Wealth Management and Centennial Asset Management, with a total financing of no more than 3 billion yuan, mainly for payment of the project company’s accounts payable .

CCCC Real Estate said that this non-standard supply chain financial asset securitization business can extend the payment period of the company’s accounts payable, effectively alleviate the company’s short-term cash flow pressure, and optimize the liability structure.

This is not the first time that CCCC Real Estate has adopted this method to extend the payment time of accounts payable.

On January 14, CCCC Real Estate announced that in order to speed up capital turnover and increase capital utilization, the company and its subsidiaries intend to cooperate with the Bank of East Asia in refactoring business. The latter will provide CCCC Real Estate with a total of 400 million yuan. The re-factoring limit, the subject of the transaction is the accounts payable of the subsidiary of CCCC Real Estate, that is, the accounts receivable of the corresponding supplier.

The specific business content is that the supplier transfers the accounts receivable to the factor. The Bank of East Asia agrees to accept the transfer of the accounts receivable from the factor after confirming that the accounts receivable meets the agreed conditions, and the Bank of East Asia will guarantee the transfer of the accounts receivable. The manager provides non-recourse re-factoring services, and CCCC Real Estate acts as the co-payer of its subsidiaries.

Guan Rongxue, an analyst at the Zhuge Housing Data Research Center, told reporters that the cooperation between real estate companies and insurance companies to carry out non-standard supply chain financial asset securitization business is one of the ways that companies often use to ease short-term cash flow pressure. But the same operation three times in a row in six months can’t help but make people question, is the short-term cash flow of CCCC Real Estate already so tight?

According to data, as of the end of 2020, the amount of CCCC Real Estate’s accounts payable was 8.961 billion yuan, an increase of 48.45% from the 6.036 billion yuan in 2019, all of which must be paid within one year.

The “International Finance News” reporter noted that the substantial increase in the accounts payable of CCCC Real Estate that year was mainly due to the increase in land payables. In 2020, CCCC Real Estate added 2.577 billion yuan in land payables, and the company did not have such expenditures in 2019.

In the same year, CCCC Real Estate’s short-term loans amounted to 2.239 billion yuan, and non-current liabilities due within one year were about 5.819 billion yuan. If the accounts payable of 8.961 billion yuan are included, the company’s short-term debt level reaches 17.019 billion yuan, and the corresponding monetary capital in the same period is only 11.534 billion yuan, which is obviously out of balance.

From this point of view, it is understandable that CCCC Real Estate has extended the payment time of accounts payable many times.

Dilemma

But it is obviously not enough to relieve financial pressure in this way.

On June 14, CCCC Real Estate also disclosed an announcement on providing counter-guarantees to related parties for the issuance of corporate bonds. According to the announcement, CCCC Real Estate intends to publicly issue corporate bonds of no more than 1.2 billion yuan. The controlling shareholder of the real estate group will provide joint liability guarantee guarantee, and CCCC Real Estate will provide counter-guarantee for it.

After several rounds of financing, it is not clear how much breathing space China Communications Land has to compete for. However, from the current situation, reducing debt is quite important for the company.

According to data from the Shell Research Institute, in 2020, CCCC Real Estate’s debt-to-asset ratio after excluding advance receipts is 83.4%, exceeding the 70% red line; the net debt ratio is 296.4%, an increase of approximately 146.2 percentage points year-on-year; the cash short-term debt ratio is 1.43 , Step on two lines.

According to the “three red lines” financing rules, real estate companies that stepped on the two “red lines” will be classified as “orange files”, and the annual growth rate of the scale of corporate interest-bearing liabilities shall not exceed 5%. Therefore, if the debt level is not optimized, the already weak CCCC Real Estate will be restricted in financing, and it will be more difficult for the company to move closer in scale.

Guan Rongxue told reporters that the current dilemma of CCCC Real Estate is that, on the one hand, the company is inefficient in the process of resource integration, and on the other hand, it is because the company pursues large-scale acquisition of mergers and acquisitions projects and large-scale expansion of land reserves.

According to Guan Rongxue, although the development of non-standard business has extended the debt period, CCCC Real Estate’s long-term cash flow pressure still exists.

As of the first quarter of 2021, CCCC Real Estate’s short-term borrowings have fallen to 890 million yuan, but the bills payable in the same period has increased by 57.523% compared with 2020 to 37.054 million yuan, and long-term borrowings have increased by 43.5% compared with 2020 to 35.678 billion yuan. Bonds have also increased from 5.011 billion yuan in 2020 to 8.144 billion yuan.

In addition, due to the increase in short-term loans payable to shareholders, other payables of CCCC Real Estate also increased by 217.93% from 2020 to 6.93 billion yuan. With the continuous support of the parent company, the amount of this part of the funds may remain high in the short term.

Under the high pressure of debt, CCCC Real Estate continues to provide guarantees for its holding subsidiaries and shareholding companies. As of May 31, the balance of guarantees between its holding subsidiaries and holding subsidiaries was 12.357 billion yuan, accounting for 403.64% of the net assets attributable to the parent at the end of 2020; the balance of guarantees for participating companies that were not in the scope of the consolidated statement was 2.107 billion yuan , Accounting for 68.82% of the parent’s net assets at the end of 2020.

Private wealth at a record high Especially the super-rich get richer

Status: 10.06.2021 8:34 a.m.

Never before have people worldwide amassed so much private wealth as in the Corona year 2020. The wealth of Germans alone climbed – thanks to savings and real estate – to almost 20 trillion dollars. 20,000,000,000,000 dollars – this is the impressive sum of private wealth that private households in Germany had at their disposal in 2020. This emerges from the new “Global Wealth Report” by the Boston Consulting Group (BCG).

Better real estate than stocks

The Germans were helped by their much-cited propensity to save: financial assets, including cash, account balances, stocks, pensions and life insurance, grew by around six percent to around nine trillion dollars, according to the information. Investors in Germany saved above average, emphasized Anna Zakrzewski, BCG partner and author of the study. “Traditionally, Germans prefer to invest in real estate rather than in securities, as the real value quota of almost 60 percent clearly shows,” says the BCG expert. In the crisis year 2020, the real assets of Germans, i.e. real estate, jewelry, art and gold, increased by five percent to 13 trillion dollars. After deducting debts, private households in Germany had a total of just under $ 20 trillion.

Rising stock market prices, growing savings

The developments in Germany are a reflection of a global trend: people around the globe accumulated more wealth than ever in the year of the Corona crisis. Private financial assets rose year-on-year by a good eight percent to a record $ 250 trillion. Rising stock exchange prices and growing savings contributed to this. The BCG experts were surprised, as they expected a year ago that private assets would melt as a result of the corona pandemic. For the first time in 2020, the BCG experts will also consider property such as real estate or gold. Total assets minus debt was $ 431 trillion.

2900 super-rich in Germany

However, wealth is unevenly distributed. Above all, the club of the rich and super-rich grew strongly. The super rich – these are people with a net worth of more than $ 100 million. In the crisis year 2020, 6000 more people were accepted into the club of the super-rich, the number of members grew to 60,000. According to the BCG, these 60,000 people own 15 percent of the world’s investable wealth. In Germany alone there are 2,900 super-rich. This puts the Federal Republic of Germany in third place in the global ranking. The USA is at the top, followed by China.

Getting richer?

Against the background of the expected economic recovery after the Corona crisis, BCG expects steady growth in global private wealth for the coming years. By 2025, it should grow by an average of just under five percent annually to $ 544 trillion. Global inequalities are likely to increase further: According to the BCG forecast, people in North America, Asia excluding Japan and Western Europe in particular will get richer.

New Zealand has the most expensive housing market in the world. (Source: stuff.co.nz) According to Bloomberg Economics, real estate prices around the world is exploding strongly, from which the warning will form a real estate bubble unprecedented since the 2008 financial crisis. Based on the key indicators used in Bloomberg Economics’ calculations, New Zealand, Canada and Sweden are ranked as the top countries, respectively. Expensive housing market best of the world. Meanwhile, the UK and US are also near the top of the risk charts. Bloomberg Economics economist Niraj Shah says there are multiple factors contributing to the rise in home prices to unprecedented levels worldwide, including record low interest rates, massive fiscal stimulus packages, and massive bailouts. Backup savings can serve as a down payment, limited housing stock and expectations of a strong recovery in the global economy. Besides, the trend of working from home to avoid infection COVID-19 causing more people to need more living space and many governments giving tax incentives to homebuyers also increase the demand to buy houses. According to calculations by Bloomberg Economics, the ratio of price to rent and price to income will help assess the sustainability of housing price increases. Bloomberg Economics analyzes that even as risk indicators rise, with interest rates remaining low, lending standards generally higher than before, and macro-prudential policies in place, the cause led to the real estate market collapse is not clear. Mr. Shah said that in the coming period, it is likely that the real estate market will witness a cooling, not a collapse. As interest rates start to rise and other measures are put in place to protect financial stability, the property market will face an “important test,” Shah said.

Text | Chinese Business Strategies by Wu Su

In the Chinese food arena, Wang Shouyi’s thirteen incense and Lao Ganma are household names, and countless people have used them since childhood, and they can be called “national grandpa” and “national grandma” brands.

Both were once beautiful.

As early as 1998, the annual income of Wang Shouyi’s thirteen incense reached 400 million yuan, relying on “composite seasonings” to build a huge condiment business empire.

Laoganma is even more synonymous with hot sauce. There is no marketing, no financing, no loans, no listing, and only with unique taste and low price, the market coverage rate in all parts of the country is as high as 90%, and even exported to foreign countries. Wherever there is, there is an old godmother.”

In 2019, Laoganma’s annual sales exceeded 5 billion yuan, a year-on-year increase of 14.43%, a record high.

It seems that these two national brands still have a huge consumer market, but in fact, due to domestic and foreign difficulties, their sense of existence is getting weaker and weaker.

First of all, the younger generations feel that it is too slow to make money from selling spices and hot sauces, and they can’t sit on the “cold bench”, trying to make quick money from the real estate market, but they are all killed.

Wang Taibai, the grandson of Wang Shouyi, who held tens of millions in cash at the age of 20, was the “successor” that the second-generation leader once deliberately cultivated. He hoarded dozens of properties in the UK. He did not expect to encounter the financial crisis and almost lost all of them. Property, only relying on the family to “assistance” can get through the difficulties.

Similarly, Lao Ganma Tao Huabi’s eldest son Li Guishan Nuggets Real Estate, also touched his nose.

The real estate company of which Li Guishan is the second shareholder develops a real estate, but it has been unable to accept it due to construction problems, project balance problems, etc., and is involved in a lawsuit. In addition, this company suffered serious losses. From 2013 to 2017, it had a total debt of 950 million yuan. It frequently appeared on the list of untrustworthy executors and was involved in nearly a hundred judicial cases.

In addition to the huge resource loss caused by cross-border, the hunting of copycat products has also reduced the influence of Wang Shouyi Shisanxiang and Lao Ganma.

In the field of compound seasonings, the “fifteen incense” and “eighteen incense” have sprung up like bamboo shoots after the rain, and they have fought guerrilla warfare with the “genuine products”. To this day, in some cities, these “li ghosts” sell more than the “genuine products” it is good.

Lao Gan Ma was also troubled by copycats and had to apply for registration of trademarks such as “Lao Gan Da”, “Lao Gan Da”, “Lao Qian Ma” and “Lao Shi Ma”.

Outside of the cottage, the “encirclement and suppression” of competitors made it even more difficult for them to resist.

Totole, Yihai International, which provides the base material for Haidilao, and Zhongjing Food, which uses mushroom sauce to beat the world, are all accelerating their attack on the city. Wang Shouyi’s thirteen incense is particularly silent.

Lao Gan Ma was chased by Lee Kum Kee and Spice Girls, and online marketing was relatively weak. At the beginning of the year, the media compared the hot sauce data with the highest monthly sales in each brand’s flagship store. The hot sauce brand “Fan Ye” founded by singer Lin Yilun had five times more than Lao Ganma.

Unfavorable factors are superimposed, Wang Shouyi Shisanxiang and Lao Ganma no longer have the style of the former leaders, but this also forces them to think about changes, and new growth points may be bred in them.

——END——

Welcome to pay attention to 【Chinese Business Strategies】, learn about the heroes, and read the legends of the strategies.

All rights reserved, unauthorized reprinting is prohibited!

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A project is being completed in Binh Duong province (illustration). Tighten management According to Vice Chairman of Bau Bang District People’s Committee, Mr. Nguyen Van Thuong, by June 2021, the district has 25 housing projects outside the industrial zone with a total planning area of ​​451 ha and only 9 projects have been approved by the Provincial People’s Committee. allow transactions. However, there are many companies that have arbitrarily brokered, advertised for sale without meeting the legal conditions, collected money from the people, causing confusion in public opinion and were reviewed by the competent forces of the district. join the police agency to investigate projects such as: Thanh Phat City 1 Residential Area (Ba Thanh Phat Real Estate Development and Construction Investment Joint Stock Company), Green City 1, 2 Residential Areas , 3 Phuc Long Residential Area (Binh Duong City Land Real Estate Trading Service – Construction Investment Development Joint Stock Company). In the past time, in order to promote the purification and rectification of projects, and to adjust land prices, the People’s Committee of Binh Duong province has also issued many documents directing departments, branches and localities related to the inspection, handling of housing projects and investment and construction projects without permission (Document No. 1518/UBND-KT issued on April 15, 2021 on rectification of state management of land prices, Document No. 1333/UBND-KT issued on April 2, 2021 on strengthening the management of the real estate market, Document No. 3888/UBND KTN dated August 7, 2019…). The Department of Construction has also issued Document No. 1688/SXD-QLN dated May 24, 2021 on strengthening the management of the real estate market situation in Binh Duong province under the direction of the Provincial People’s Committee sent to the departments. concerned and the People’s Committees of districts, towns and cities, the investors of real estate business projects, based on the tasks of the branches and localities, organize to follow the instructions of the Provincial People’s Committee in Document No. Document No. 1333/UBND-KT issued on April 2, 2021 and will continue to be monitored in the process of organizing, synthesizing and reporting to the Provincial People’s Committee. In addition, localities have strengthened inspection, review and cooperation with police agencies. By June 2021, the inspection force of Binh Duong Department of Construction had issued 70 decisions to sanction violations with works and projects with an amount of nearly 5 billion VND. Along with that, according to data from the Economic Police Department of Binh Duong Province, functional forces have prosecuted and detained to investigate 18 cases, 11 land-related suspects with signs of fraud of tens of billions of dollars. copper. In 2020, the People’s Committee of Binh Duong province has approved the investment policy of 42 projects, with a land use scale of about 112.81 hectares. In 2021, according to preliminary statistics, the department has also advised the Provincial People’s Committee to approve the investment policy of only 9 projects, with a land use scale of about 142.25 hectares and have withdrawn the investment policy of 2 The project includes: Project of Resettlement Area on the road to the provincial administrative center; Project of Tan Uyen Residential Area – Binh Duong Fico. According to Mr. Pham Xuan Ngoc, Deputy Director of the Department of Natural Resources and Environment of Binh Duong province, the province is geographically located close to Ho Chi Minh City and has a well-planned connected traffic system. In the coming years, the province will become one of the major industrial centers in the region, focusing on transforming the functions of industrial parks in the South and attracting investment in developing high-tech industry in the North. ; development services in the direction of serving industrial development; develop regional trade centers in Thu Dau Mot city, Thuan An and Di An townships, develop district-level commercial centers serving industrial parks. Therefore, the implementation of solutions to tighten the state management of planning, investment, construction and business in projects, especially the objects of subdivision and sale of land plots, crushing the planning, purifying the Weak projects, investors and businesses are an opportunity for businesses to clearly see their strengths and weaknesses, review business activities, focus on feasible projects and prove their effectiveness; focus on personnel issues and training to create momentum for the next time. Choose the right investors According to Mr. Vo Hoang Ngan, Director of Binh Duong Department of Construction, over the past time, many investors have chosen Binh Duong as a destination for real estate investment and business, which has created Binh Duong a system of synchronous, spacious and modern technical infrastructure to meet the process of urbanization and sustainable urban development. In addition, there are also many investors who take advantage of loopholes in the law and people’s trust to mobilize capital, cheat, and illegally gain profits, affecting the interests and rights of the people. At all levels, industries have been paying attention to controlling and strictly handling violations in order to create a healthy and fair real estate business environment among investors. In the coming time, the province will pay attention to selecting suitable investors according to each housing market segment, developing types of housing for people according to different income levels, especially housing for the elderly. low-income people, migrant workers, poor households, households with social policies, creating conditions for people to choose each housing segment suitable to their income to choose a place to settle down and establish a career. Mr. Vo Hoang Ngan said that Binh Duong also needs to pay more attention to investors with strong financial potential, capacity and experience in investment management and urban development to create urban development areas. modern, synchronous connection worthy of classified cities. The province encourages all economic sectors to participate in the development of new urban areas, step by step upgrading, renovating and embellishing existing urban areas; interested in planning orientation, converting low-rise apartment buildings into high-rise apartment buildings in the southern areas of the province (compressed urban areas, high population density). Binh Duong synchronously invests in technical and social infrastructure systems, increases land use efficiency, creates a land fund to develop public transport and underground works, parks and public spaces towards construction. sustainable urban areas in the direction of civilization and modernity, towards the development of smart cities in the future. Specifically, ensuring that according to the criteria of the Housing Development Program in Binh Duong Province to 2020, with a vision to 2030, approved by the Provincial People’s Committee in Decision No. 721/QD-UBND dated March 17, 2020 with average housing area of ​​the whole province is 31.5 m2/person (minimum housing area 10.0 m2/person); in which, urban area 33 m2/person, rural area 25 m2/person. Raise the percentage of permanent houses in the province to 65%, reduce the rate of unstable houses to 0.5%. Binh Duong continues to transform the function of industrial zones and clusters in the South for urban development to serve urban embellishment; develop industrial – service models in the northern districts of the province. The province develops a model of social housing to serve the needs of official housing development; housing for low-income people in urban areas, housing for workers, housing for students, other social houses and a part of housing needs for resettlement in urban areas. Binh Duong needs to develop an additional 2.7 million m2 of floor space and continue to focus capital resources to complete the technical infrastructure of resettlement housing areas, arrange residential land for resettled people to build houses. in. Binh Duong also develops commercial housing; to step up the development of apartment houses in compact urban areas in the southern region of the province; implement the management and 20% land fund in commercial housing projects, new urban areas to build social housing. The province increased the proportion of condominiums in urban housing development projects to 30%. The rate of rental housing is equal to 8.5% of the total additional housing area in urban areas. The residential land fund in urban and rural areas increased by about 1,200 ha.

Recently, a “micro” house in Wales, England, was for sale for 150,000 pounds (4.9 billion VND) attracting the attention of many people. This property is 7ft (2.1m) wide, sandwiched between two massive houses and hidden behind a garden so it’s almost invisible from the outside. This “micro” house has a lounge, kitchen, 1 bedroom and bathroom. Although everything in the house is cramped, the house has a parking space outside the front door. The ground floor of the house has been extended for more living space, while the kitchen and dining room are in a small area. There is a staircase leading to the first floor, where the bedroom and bathroom are located. Despite its micro size, this property has quite a lot of potential as it is located in the luxurious Mumbles area on the outskirts of Swansea, south Wales. The average price of a property in this golden tourist area was £307,457 (VND 10 billion) in June (according to data from real estate site sarnn Zoopla). Before this “micro” house, Britain’s “thinnest” house with a width of only 1.6m was sold for 950,000 pounds (31 billion dong) in February this year. Meanwhile, a two-bed house just 7ft 9in (2.13 m) has been sold for £1.9m (£62bn) in London in 2020. A two-bed house is narrower than a bus in London was sold on the market for £430,000 last week.

Of course, London is one of the cities with the most “luxury” real estate prices on the planet, so it’s not difficult to understand, when a house costs several billion dong even though its area is very small. Recently, the real estate floor in London for sale a micro house in Wales with a width of 2.1m, with a total area of ​​​​less than 11m2. Here are a few pictures of a small house with a “super huge” price: General structure of the whole house. The house has a lounge, kitchen, 1 bedroom and bathroom, 1 stairs leading to the first floor – where the bedroom and bathroom are. Everything in the house is cramped, but the house has a parking space outside the front door. From the outside, the apartment is small and pretty. The small house is sandwiched between two massive houses and hidden behind a garden, so most people don’t see it from the outside. The ground floor of the house can be extended for more living space, while the kitchen and dining room are in a small area. Classic small bathroom with simple design. The inside of the house is quite old, the paint has peeled and yellowed. The small space, smart design of the house has attracted the attention of many people. Despite its micro size, this property has quite a lot of potential as it is located in the luxurious Mumbles area on the outskirts of Swansea, South Wales. The Halifax House Price Index shows that the average house price across the UK in April 2021 stood at £258,204 (about VND 10 billion per unit), up 8.2% year-on-year and up 1.2%. 4% compared to March 2021. After 10 years, real estate in London has grown by 86%. On a quarterly basis, house prices in the most recent quarter (February-April 2021) increased by 0.9% from the previous quarter, corresponding to the quarter from November 2020 to January 2021. According to the latest figures from Rightmove, the average selling price of a property in London is currently £604,000. In Haringey, north London, the asking price for the median home rose 10 per cent to an average of £636,000. In Bexley, on the Kent border, Richmond on the Thames, Kingston on the Thames and in the deepest south-west London, have all seen price increases of just over 7 per cent over the past year, to £433,659, £846,164 and £634,482 respectively. The suburbs are the places where the price increases the most, because buyers want to expand more living space and the house price is suitable for their financial ability. Explain (Source The Sun)

Natural green spaces are always the desire of many families In the past few years, the high rate of urbanization has made the living environment in big cities like Hanoi and Ho Chi Minh City stifling. People are often confined in an “industrial” space with concrete, glass doors and especially smoke and waste from vehicles. A green space with fresh air has become the desire of many people. In particular, the fact that families spend time every weekend to participate in resort and fun activities outside the city has become a habit. Or as with families with good economic conditions, choosing an apartment that is close to nature, in harmony with nature has become a top priority, even though the location of the apartment may be far from the center or the cost. expensive. According to Stanford University research, walking in nature instead of an urban environment helps reduce anxiety, stress and negative influences, while enhancing cognitive ability and improving work performance. Living space close to nature also plays an important role as a connection between people and people. All the above factors make modern residents want to find green living trends to balance and enjoy life. Around the world, the trend of bringing nature into your own living space has become very close and popular, such as in Copenhagen (Denmark), Ho Chi Minh City. Reykjavik (Iceland), City. Malmo (Sweden), Vancouver (Canada), Ecuador, Sydney (Australia), Colombia, Curitiba (Brazil), England…. In Asia, Singapore is one of the leading countries in urban green space design. The “Lion Island” is overwhelmed by the harmonious alternation between high-rise buildings and the proportion of trees. In Australia, two cities. Sydney and Melbourne have applied the form of greening roofs in shopping centers to attract visitors while improving the environment for residents and workers. The city government encourages residents to plant trees on the roof and turn office walls into green walls. The form of planting trees on the roof is also very diverse, from small and simple Styrofoam boxes to a garden with an area of ​​​​up to 2,600m2 on the roof of Mcentral building, Harris Street, Pyrmont area, City. Sydney… D’. El Dorado is one of the rare projects that owns a large natural green space Meanwhile in Vietnam, taking advantage of green spaces from nature is still a rarity for real estate projects. The narrow land fund and high population density have pushed apartment buildings to become more secret than ever. In the context that modern customers are more and more concerned about the quality of the living environment, forcing investors to build more artificial green spaces in the project site and make the most of natural green spaces. provided by the surrounding environment. That explains why project D’. El Dorado II of investor Tan Hoang Minh has become the first choice of customers who love green life. Located in a prime location right next to West Lake – the natural “green lung” of Hanoi capital, D’. El Dorado II owns a truly natural fresh living environment with more than 500ha of West Lake water surface and a system of green trees running along the lake. Besides, with a unique location, residents at D’. El Dorado II also enjoys the cool breeze blowing from the romantic Red River. According to many scientific studies, the lake not only helps purify the air, but also reduces the ambient temperature by 2-4 degrees Celsius in the summer, increases humidity by 5-12% and reduces 2-4 .5% of solar radiation, while enhancing the circulation of cool and hot air flows between adjacent areas of the city. In particular, not only purifying the air to help people stay healthy and full of energy, but the lake also contributes to the joy of life, helps circulate energy, relieves stress, helps to refresh the spirit, and relieves stress. relieve anxiety, increase resistance. The large balcony has a panoramic view of West Lake and helps make the most of the fresh air Understanding the preeminent advantages of the project with large natural spaces, in each apartment, Tan Hoang Minh Group did not hesitate to invest in a system of large glass doors and balconies to maximize the space. green, natural light and fresh air of this place. With a prime location to make the most of the natural green areas, sophisticated architecture and a diverse system of internal utilities, project D’. El Dorado II will surely satisfy customers who are looking forward to a green life in harmony with nature.

It is known that RM bought a luxury apartment in Hannam-dong for 4.9 billion won (about 101 billion VND) in November 2019. The apartment has an area of ​​​​284.2m2, located in the golden land in Seoul and located in the same building as BTS’s dormitory. On May 5, the leader of BTS sold his apartment for 5.8 billion won (about 119 billion VND). Thus, after just over a year, the male idol has earned a profit of 900 million won (about 18 billion VND). RM became the new real estate giant of Kbiz when he earned a profit of 18 billion dong after only 1 year thanks to the sale of the apartment. RM’s luxury apartment is located in an expensive complex Hannam The Hill of the rich is stunned by the luxury It is known that Hannam The Hill is the most expensive villa complex in Seoul. At the time of 2019, the powerful leader of BTS stunned when it was easy to “buy” an expensive apartment with cash in just 1 time. This is also the residence of many famous Korean stars such as Kim Tae Hee – Bi Rain, Han Hyo Joo, So Ji Sub, Jin (BTS) and many leading Korean businessmen. RM used to be a neighbor of a series of Kbiz stars like Kim Tae Hee – Bi Rain, Han Hyo Joo, So Ji Sub, Jin (BTS),…

Rain and Kim Tae Hee Bi Rain and Kim Tae Hee have an estimated total assets of 72 million USD (about 1,700 billion VND). The power couple owns a lot of real estate such as a villa worth 11.1 million USD (about 255 billion VND) and a building costing 22.2 million USD (about 511 billion VND). Both are located in the upscale Cheongdamdong area in Seoul, South Korea. According to the review of the newspaper Today , 2 famous stars are not only great artists but also have outstanding business minds. Bi Rain and Kim Tae Hee have total assets estimated at 1700 billion VND. Song Hye Kyo Dubbed the “Queen of Real Estate”, Song Hye Kyo owns a huge fortune of up to 31 million USD (more than 720.4 billion VND). Besides a successful career, she is also famous for owning many luxury apartments and buildings throughout Korea. On May 27, Song Hye Kyo continued to bring surprises when she bought a 5-storey villa in Hannam-dong, Seoul, South Korea for up to 19.5 billion won (401 billion VND). Song Hye Kyo owns a huge fortune of more than 720.4 billion VND. Jun Ji Hyun In 2017, actress and model Jun Ji Hyun bought a building at Samsung in Gangnam district for $8.5 million (about VND 195 billion). Charge an additional 20 billion won (more than 400 billion VND) for previous home purchases and villas also in Gangnam and Yongsan, making the female star Legend of the Blue Sea become one of the richest real estate owners in Korea. . Jun Ji Hyun is among the top richest real estate owners in Korea. Daesung (Big Bang) In 2017, male singer Daesung bought an 8-storey house with 2 underground floors located near Apgujeong Rodeo station. The first floor has a Starbucks store and collects 84,963 USD (nearly 2 billion VND) in rent per month. 2017 was also a bumper year for the Big Bang member when he became the only idol singer named by MKNews in the list of 10 real estate giants in the Korean entertainment industry this year. Daesung is the only idol singer in the list of 10 real estate giants in Korean entertainment in 2017. G-Dragon (Big Bang) In addition to Daesung, fellow member G-Dragon makes many people overwhelmed when he is not afraid to show off his million-dollar real estate, expensive furniture, and huge car. G-Dragon owns many luxurious and comfortable houses, including an apartment in the Hanwha Galleria Foret building for about 3 million USD (about 69 billion VND) and an apartment in Mapo, in Seoul that costs about 1.3 million USD (about 30 billion VND). As the popular “Kpop King”, G-Dragon owns many million-dollar houses with expensive furniture. In particular, the most prominent “place to go” of G-Dragon is March Rabbit in Cheongdam – dongdong, Seoul, up to nearly 9 million USD (about 207 billion VND) bought by him in early 2021. Suzy Surpassing many other female stars such as IU, YoonA, Suzy is the K-Pop female idol who owns the most expensive villa in Korea as noted by TMI News in 2020. At this time, her apartment is valued at 3.3 million USD (about 76 billion VND) in the real estate market. Suzy is the Kpop female idol who owns the most expensive villa in Korea according to TMI News 2020. Suzy also owns a building in Gangnam that was valued at 3 million USD (about 69 billion VND) in 2016 and earns 13,400 USD (about 308 million VND) per month from real estate rental. Doan Phong
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On the evening of May 26, singer Ariana Grande first published photos of her secret wedding with real estate businessman Dalton Gomez. After much speculation, the owner of the hit song “Positions” has officially entered the car. The wedding was held at the singer’s private home in Montecito, California on May 15 after more than a year of love. Due to the Covid-19 epidemic situation, the wedding was held simply and intimately, with about 20 relatives and friends. At the wedding, Ariana Grande wore the design of Vera Wang’s wedding dress, inspired by the costume of Jo Stockton’s character in the movie “Funny Face” played by actress Audrey Hepburn. The slim-fit charmeuse silk dress is accented with a custom white waistband with a delicately carved neckline, and a deep cut at the back that accentuates the pop star’s sexy beauty on the big day. The design is adorned with a shoulder-length pleated veil with a sweet satin bow at the top and Giuseppe Zanotti high heels. Ariana’s polished bun and soft curls are the work of Josh Liu, and her natural makeup with sculpted brows was done by Ash K Holm. Pearl and diamond earrings by Lorraine Schwartz were chosen to match the bride’s engagement ring. Meanwhile, the groom wears an elegant suit design from Tom Ford fashion house. Dalton Gomez is a talented and wealthy young real estate entrepreneur from California. He is active in real estate and works at Aaron Kirman Group, which specializes in selling million-dollar villas. The couple started dating in January 2020 and got engaged in December 2020. The singer officially announced her boyfriend in the music product collaborating with Justin Bieber, “Stuck With U”. Experiencing many ups and downs in love, Ariana Grande finally found happiness with Dalton. In the wedding ceremony, the couple exchanged wishes, committed to happiness forever, love each other for life. After the wedding ceremony, the two and their guests had a party in the garden. The dining tables are decorated with many trees in a luxurious space.

The art of living “branded” A study from Boston Consulting Group shows that by 2025, Millennials and Gen Z – also known as the “new generation rich kid” will account for more than 60% of customers in the high-end market with sales. estimated at 500 billion USD. The concept of high-class experience of the luxury segment is not the same as that set by the previous generation – exposing wealth by wealth, the new generation “rich kid” prefers intangible values. , a life of more discreet enjoyment, enhancing emotional value through personalized experiences. The real “rich kids” are not only interested in the brand as a “label” to flaunt their wealth, the brand is the representation of a sophisticated lifestyle, aesthetic gout and personal experience, The more distinctive and specific, the more attractive. In addition, they also desire the sustainability of the brand, ensuring that it cannot be replaced in the future. Sustainability here is understood in the sense that luxury brands need to operate and carry the “breath” of brand values ​​for a long time, undisturbed with market trends. Experience the “branded” lifestyle at Grand Marina, Saigon The first concern of the new generation “rich kid” about a living space is not only in the luxury and flashiness, they are always looking for difference and want to be the pioneer in orienting a lifestyle. Authentic “brand name”, showing subtle aesthetic gout and highlighting the intangible values ​​that the brand brings, Grand Marina, Saigon – the world’s largest luxury real estate project of the Marriott International brand, invested and developed by international real estate developer Masterise Homes, is the place to bring an unprecedented lifestyle experience. ever in Vietnam in accordance with Marriott standards, where all the elements expected by true “rich kids” converge: sophistication in design, service experience worthy of the Marriott brand. Each apartment here is a paradise with sophisticated, unique design and its own mark for the owner. Every component and detail of the living space in these two collections has been designed and completed to the high standards of Marriott worldwide. This place not only brings a new standard of “branded” lifestyle, but also helps owners assert themselves and personal aesthetic gout in every detail. Grand Marina, Saigon is an artistic masterpiece, a sophisticated living space that inspires to connect brand values ​​and affirm the value of the owner. Stepping into the lobby area of ​​Grand Marina, Saigon, the new generation “rich kids” will immediately feel the sophistication in the design art and 5-star standard service of the Marriott brand. Luxury living room in The Prime Collection apartment – one of two “branded” collections of Grand Marina, Saigon. With the main design concept “Live Brilliantly” (Living with the imprint of prosperity), showing youthfulness, dynamism full of pride. The office is designed with warm, elegant colors to help bring abundant energy, the glass door system helps to enjoy the whole view of the Saigon River and the magnificent city center. The colors in the bedroom are uniquely coordinated according to Marriott’s signature design language, bringing youthfulness and creativity. Posts : Beautiful Online

Now that the famous billionaire couple has filed for divorce, if this mansion is put on the real estate market, they will surely have many difficulties to find a buyer. With an area of ​​​​more than 6,100 square meters – the same size as the White House – with a large room just for children to play on a trampoline, and a price of about 130 million USD, many real estate brokers find it difficult to sell this mansion. Billionaire Bill Gates and his wife divorced after 27 years of marriage “We are all very impressed with this home,” says Ernie Carswell of Douglas Elliman, a Los Angeles-based brokerage with more than 25 years selling some of the city’s most extravagant and most expensive properties. Its owners are too rich, and they are all respected people in the world.” “They have a great house,” he said. But now if it is for sale, it is a difficult problem for brokers.” This mansion is named Xanadu 2.0, although in the records it is referred to more simply as the Gates Mansion. This is the main residence of Bill Gates and his wife. Located on the shores of Lake Washington near Seattle, Xanadu 2.0 is the crown jewel of Bill Gates and his wife’s huge real estate collection worth hundreds of millions of dollars. The Microsoft founder once confided on Reddit in 2019: “I have a beautiful house. It has a room to play trampoline, for my children to release energy.” Details about this fortress-like house were revealed only gradually over time, a little bit at a time. A Microsoft intern who visited this place in 2007 recorded: “The driveway to Mr. Bill’s house is like the entrance to a Jurassic park, long, windy, deep and luxuriant with trees.” Xanadu 2.0 is the most precious gem in the huge real estate collection worth hundreds of millions of dollars of Bill Gates and his wife. Of course, this mansion serves all the needs of enjoyment, rest and living of the owner: spa room, swimming pool, gym paved with stone taken from the mountain top in the Pacific Northwest, a stream. stream for salmon and other fish. The swimming pool is located in a private building over 360 m2, has a unique design that allows swimming under the glass wall to move to the outside corridor. Every device in the house is equipped with high technology, from the sensor system to the lighting… The massive area of ​​Xanadu 2.0 currently exceeds all properties available on the market in Washington state. According to Mansion Global, a house built according to the owner’s design, the largest and most luxurious in the area, can be very difficult to sell. The Chicago mansion of former NBA star Michael Jordan is a prime example. At more than 5,200 square metres, Jordan’s home is three times the size of the largest homes in the area and has been specially designed to suit the owner’s taste and lifestyle. So there’s a standard basketball court, an infinity pool. The basketball legend was originally listed for sale for $29 million in 2012 and to this day this mansion is still on the list for sale for a much lower price: $14.8 million. In the case of Bill Gates’ house, Mr. Carswell said: “The house will only appeal to a very small number of customers who are served by a maid. You must be able to afford to maintain an area of ​​more than 6,000 square meters. Who’s going to sweep and clean the dust?” Last year, Bill Gates paid $1.13 million in property taxes for Xanadu 2.0. And finally, real estate experts say, if Bill Gates or Mrs. Melinda want to sell it, it is unlikely that they will put it up for sale publicly, but will only offer it in a narrow range. Because they know who can afford to buy.

Not only acting as a trade gateway, becoming the driving force of the economy, the seaport system in many places has developed marinas with a 5-star infrastructure to welcome luxury tourists. Along with that, the strategy of urban development and construction of marinas suitable for each port area has also become a top concern in coastal countries. Hundreds of luxury yachts gather at Port Hercules for the annual Monaco Yacht Show. The achievements of the port urban development strategies are present all over the world. If you want to know how magnificent Hong Kong is, visit Victoria Harbor – a busy harbor with skyscrapers and neon lights that shine around the clock. Coming here, visitors will be immersed in the bustling and bustling life of a city that never sleeps. Similar is the Darling Harbor of Sydney (Australia) with famous commercial and entertainment activities. Regardless of day or night, the marina has become a space for romantic bayside meals, lively bars and countless high-class entertainment services. Speaking of the busiest marinas in the world, Miami cannot be missed. The elites say, “If you come to Florida without trying a walk on the Miami marina, shopping until you are tired or simply sipping a cup of coffee and enjoying the taste of luxury and bustle. of the United States … “was” a whole trip. In particular, it is impossible not to mention Monaco, the land that owns the most luxurious and splendid tourist destinations in the world. In particular, Hercules marina is known as “the destination of the elite”. The entire port has only 20 positions for superyachts. Where visitors are willing to pay 1,500 USD to rent 1 night on the yacht or 4,500 USD / night at hotels around Hercules marina. Only winning the lottery can buy real estate by the harbor? In Shanghai, the city with the largest port in the world, some experts liken Shanghai’s house prices continuously increasing over the years, so expensive that “you can’t buy it when you win the lottery”. Real estate in Shanghai has continuously increased for many years. With the advantage of marine economy, Shanghai has the second largest GDP per capita in China, only after Beijing, reaching 137,000 yuan. Originally a remote fishing village, today Shanghai has the busiest port in the world, more than Singapore and Rotterdam. Therefore, Shanghai is considered the “economic capital” of China. Experiencing the history of movement of the modern world, thanks to its great economic benefits, and at the same time possessing beautiful landscapes and views; Living space, healthy resort, harbor areas are identified as “mecca” of expensive and lavish real estate. Typical of which are Monaco, Hong Kong, Miami …, but this list is also expanding as the coastal countries seriously implement the port urban development strategy. Luxury yacht docked at Ha Long international passenger port. Yacht Bay – a new masterpiece in a heritage land As a coastal country, Vietnam has nearly half of the provinces and cities with the sea, with a total coastline of over 3,260 km running along the length of the country. However, only a few have enough conditions and built modern and large-scale seaport infrastructure. Among them can be mentioned Ha Long, where there is a heritage bay and today there is Ha Long international passenger port, which is the first specialized port for tourists in Vietnam. After being inaugurated and put into operation in 2018, Ha Long International Passenger Port has welcomed many unprecedented large tonnage international ships into Vietnam at the same time thanks to the advantage of being located on the international maritime route between India and India. Ocean and Pacific Ocean. On the other hand, the inland wharf is always crowded with tourists to experience tours to visit Ha Long Bay. Besides super ships, many times, Ha Long international passenger port has welcomed luxury yachts of the elite. Notably, in 2019, the US$150 million yacht of British billionaire Joe Lewis to Ha Long Bay also docked at Ha Long international passenger port. In Vietnam, it is easy to see that now only Ha Long Bay has all the golden elements to develop into a berth of super yachts. This place, with its harmonious mountain and sea topography, is a world natural heritage recognized by UNESCO and one of the new 7 natural wonders of the world. Sun Marina Cruise Bay is developed right next to Ha Long International Passenger Port. With great potential from the unique factor, the only heritage bay with a marina in the world, Vietnam in general and Ha Long in particular are pioneering to create a new concept called “yacht bay”. Accordingly, the yacht bay in Ha Long known as Sun Marina is developed according to the model of a complex project consisting of a high-rise tower (Sun Marina Town) and a shopping street (Sun Marina Plaza) that will give wings to customers. development of Ha Long city. At the same time, the birth of a high-class yacht bay, converging the world’s elites in harmony with Vietnamese cultural identity, establishing a separate “world” for the elite and connoisseurs. gravel, likes and wants to experience different things. In the future, surely Yacht Bay – Sun Marina will become a must-see destination for the elite. According to the owner’s share, Sun Marina is scheduled to launch in May. This is also a move that not only the elites are looking for different values, but also investors. are eagerly waiting for this once-in-a-lifetime opportunity. Thus, it can be seen that, not only with the role of creating and promoting the potential, business and tourism for each land, the future yacht bay in Ha Long has the mission of creating and establishing the highest standard of living. Exclusively for the super-rich, always looking for subtle and different values. And this has always had an irresistible attraction.

Ariana Grande’s house was purchased for nearly $7 million. Photo: Realtor. Ariana Grande’s home is built in the English Tudor architectural style with two separate areas named Porter Barn and Black Barn. The two-bedroom and four-bathroom home features features such as vaulted ceilings, antique windows and brick fireplaces. To renew her residence, the singer built a gym with full equipment. The main kitchen of the house. Photo: Realtor. Ariana Grande’s house is located in an isolated area, with many trees and guaranteed security. Her neighbors are Oprah Winfrey, Ellen DeGeneres, husband and wife Harry and Meghan Markle… Ariana Grande has just held a secret wedding ceremony with Dalton Gomez in May with the participation of about 20 people who are family and close friends. The singer’s husband was born in 1995, 2 years younger than Grande. He grew up in southern California and has been in the real estate industry for 5 years. The two spent more than a year together before deciding to share a house. Ariana Grande is secretly married to Dalton Gomez. At the age of 27, Ariana Grande owns many valuable properties. In 2020, she bought a $13.7 million mansion in Hollywood. The singer’s beautiful home is located in the Bird Star neighborhood, an area where many celebrities live. The house is built on a hillside, three stories high with sea views. Ariana Grande’s home is about 10,000 square feet, with four bedrooms, an office and seven bathrooms. Before that, in 2018, Ariana Grande showed off her $16 million apartment in the center of New York City (USA).

Speakers participating in the Russia-Vietnam Forum on Artificial Intelligence (AI) (photo source VOV.vn) “The information on the market today seems a lot, but the raw data is often very noisy with missing information. Too little data in unpopular areas and there are too many types of real estate” – said Mr. Tran Hoang Tung, representative of Meey Land (Meey Land Group Joint Stock Company). According to Mr. Tung, this leads to difficulties for both the seller and the buyer in finding a suitable real estate, thereby prolonging the real estate transaction time, especially for those who perform real estate transactions. transaction for the first time. “There is not enough information to give an appropriate selling price for the seller, or to have a reasonable financial plan for the buyer,” a representative of Meey Land shared. Currently, the selected solutions are: Find real estate experts, brokers, and search for information on the internet. However, these methods require a lot of time, skill and are difficult to verify information. According to the representative of Meey Land, these problems can be solved by applying Artificial Intelligence (AI) to the research and analysis of market data. “By analyzing data, we can solve two things. Firstly, find out the important factors affecting real estate prices: area of ​​use, value, location, contractor/investor, number of bedrooms… Second, group of properties properties with similar factors to determine the price range of real estate in a short time without human intervention “- Mr. Tung shared. Mr. Tran Hoang Tung – Director of AI Project is presenting on “Application of AI in real estate valuation” The application of Artificial Intelligence (AI) in the valuation of real estate assets is part of an overall problem of 26 products/utilities launched by Meey Land with the ambition of solving problems in the real estate market. real estate by applying technology in activities and transactions. “The systematization of data by Meey Land’s AI will help make the real estate market more transparent, shorten transaction times and increase liquidity,” said a representative of Meey Land. In addition to the sharing of the Vietnamese representative, Meey Land, the 1st Russia – Vietnam Forum on Artificial Intelligence (AI), there were many other important contents that attracted the attention of attendees. Events like this forum promise to strengthen cooperation between businesses and organizations of Vietnam and the Russian Federation in the field of information technology in general and artificial intelligence (AI) in particular.

Illustration. Dragon Capital has always had a special interest in banking and real estate, which are the two industries with the largest market capitalization in Vietnam’s stock market. However, following recent developments shows that this group of funds is having a significant change, strongly selling real estate stocks and aggressively collecting banks. STRONG BANK Specifically, as of May 18, Vietnam Enterprise Investment Limited (VEIL), the largest investment fund in Vietnam with a scale of 2.14 billion USD, managed by Dragon Capital, allocated 31.4% of the portfolio to the banking group. increased sharply compared to the figure of 28.83% in early January 2021 and 29.8% compared to April. On May 18, VEIL’s NAV/Share value reached 10.57 USD, up 27.35% compared to the beginning of the year, this is an outstanding growth compared to the increase of the VN-Index which increased by 15.41. %, in USD. Top 10 largest investments of VEIL hold 4 banking stocks, including: VPBank accounting for 11.76%; ACB 9.22%; VCB 6.29%; TCB 3.65%. Most recently, on May 11, VIEL bought 1.5 million shares of VpBank. Besides VEIL, other funds of Dragon Capital such as DC Developing Markets Strategies Public Limited Company purchased 600,000 shares of VPB; CTBC Vietnam Equity Fund and Norges Bank bought 500,000 shares; Samsung Vietnam Securities Master Investment Trust (SSMIT) bought 50,000 shares. Thus, through member funds, Dragon Capital bought a total of 3.15 million VPB shares, estimated to spend 200 billion dong, thereby, raising the bank’s ownership rate from 4.99% to 5.12%, becoming the only major shareholder of VPBank. Previously, in mid-April, Norges Bank and SSMIT also bought a total of 9 million ACB shares out of a total of 10 million registered shares. The remaining one million shares could not be bought because ACB ran out of foreign room. Prior to the purchase, neither Norges Bank nor SSMIT owned any shares in ACB. After the transaction, the ownership ratio of these two funds at the bank increased to 0.396% and 0.017% respectively. If calculated according to the market price of ACB shares during the transaction period, two member funds of Dragon Capital may have spent about 300 billion VND to buy 9 million ACB shares. RUN FROM REAL ESTATE GROUP In the opposite direction, Dragon Capital fund group continuously sold real estate and construction stocks. Specifically, Dragon Capital group continued to divest from Ho Chi Minh City Technical Infrastructure Investment Joint Stock Company. During the period from April 20 to May 13, member funds including Amersham In Industries Limited, SSMIT, Norges Bank continuously sold out with a total of more than 6.3 million shares. After the transaction, Dragon Capital group reduced its total ownership in CII to 7.64%, equivalent to more than 18.2 million CII shares. Not only CII, Dragon Capital also recently continuously sold KBC shares of Kinh Bac Urban Development Corporation in the context that this share price plummeted to 32,000 VND/share compared to the historic peak price in January. is 45,000 VND/share. On May 6, this group of funds sold 2.56 million KBC shares and on May 12 continued to sell 1 million KBC shares, reducing their ownership ratio from 7.5% to 6.7%, equivalent to with 31.9 million shares remaining. In April, this fund group also worked hard to sell KBC shares. Dragon Capital’s continuous selling was also in KDH shares of Khang Dien House Trading and Investment Joint Stock Company. On April 19, Dragon Capital announced a net sale of 1.86 million KDH shares, of which Grinling International Limited’s member fund sold 2 million shares and Norges Bank bought 142,900 KDH shares. After the transaction, the total ownership of Dragon Capital group in KDH decreased from 10.21% or 57.07 million shares to 55.21 million shares, or 9.8%. At Dat Xanh Group Joint Stock Company, a group of large shareholders Dragon Capital also sold 3.78 million shares of DXG in mid-March, reducing its ownership ratio from 17.3% to 16.6% in Dat Xanh. Dragon Capital’s largest fund allocates its portfolio to many large-cap real estate stocks. Along with selling down the proportion of midcap stocks in the real estate industry, Dragon Capital allocated more portfolio to this industry blue chip with typical codes like VIC of Vingroup, VHM of Vinhomes, and NVL of Novaland with respective proportion 8.78%, 5.68% and 3.7% in VEIL’s portfolio. In the investment proportion of VEIL, the real estate group also decreased from 27.24% to 27.03%. Dragon Capital has always had a special interest in banking and real estate, which are the two industries with the largest market capitalization in Vietnam’s stock market. In 2021, these two industry groups also stand out with the story of capital increase, which is expected to raise the share price of these two industries from now until the end of 2021. However, many securities companies believe that residential real estate can increase the proportion, but the banking group should be careful because the outlook has partly reflected in the price. Bank stocks during the past time have grown continuously, cash flow will most likely find other groups with better growth stories such as steel, agriculture, real estate…

The Manor Central Park creates successive modern Hang streets, promising to create one of the busiest commercial destinations in the capital when it comes into operation. (Photo: The Manor Central Park). In addition to the income level many times higher than the average income of the majority, the elite community is also people with a respectable cultural background, knowledge and living capital. With their own taste, they are especially picky in their life experiences. A recent Wealth-X statistic shows that 30% of billionaires live in 15 cities. The place with the highest concentration of super-rich people is the largest city in the United States – New York, while the Japanese capital Tokyo ranks at 15. The strong attraction of these cities to the elite is partly proven. in famous neighborhoods like Ginza and Manhattan. GINZA: TOKYO’s LUXURY METHOD In Tokyo – the thriving urban center of Japan, Ginza is one of the most unique shopping streets, attracting the elite to trade and trade. From the 1870s, Ginza began to urbanize, learning Western planning methods and architecture. Ginza is one of the most unique shopping streets, attracting the upper class to trade and trade. (Image: Pixabay.com). The harmonious blend of tradition and modernity, reflected in the old shops and the trendy shops, is what describes the current Ginza. The most attractive areas such as: Ginza Six, a huge shopping center with more than 200 famous brands of cosmetics, furniture, and fashion; Ginza Wako sells luxury jewelry or Itoya sells popular stationery. Attraction with the elite pushed up land prices in Ginza sharply. According to The Japan Times, in 2017, the price of Ginza land was the most expensive in Tokyo when it reached 50.5 million yen/m2 (equivalent to 11.2 billion VND), one third of the peak period due to the real estate bubble in 1990. Despite the expensive prices, the owners of the world’s leading brands, from fashion such as Chanel, Dior, Gucci, Prada… to electronics Apple, Samsung, Sony… all have stores here. MANHATTAN: HEART OF NEW YORK CITY Not only is New York’s famous financial center, Manhattan is also considered the cultural, financial, media and entertainment “capital” of the whole world. In particular, Downtown Manhattan is imbued with New York history with centuries-old churches or magnificent European-style neighborhoods. Expressions of Manhattan’s innovative spirit are skyscrapers, architectural marvels that “draw a new horizon” for New York. Regardless of day and night, Manhattan is always vibrant and bustling, attracting those who love dynamism. The main intersection of the district is Times Square, which is packed with shops, boutiques and giant billboards. Right in the heart of the excitement and bustle is Central Park – Central Park with an area of ​​3.4km2, always attracting millions of visitors each year with a series of special events and festivals. Those are the factors that make Manhattan real estate always in the top of New York and the whole of America. The median home price for sale is nearly $1.5 million, five times the average in the United States, according to Zillow – a popular real estate website in the US. INTERNATIONAL CITY INSPIRATION IN HANOI Attracting global elites and tourists from all over the world, it is not surprising that Ginza or Manhattan have become the inspiration for high-end projects. In Vietnam, one of the investors in this direction is Bitexco with The Manor Central Park urban area. Not only inspired by the hustle and bustle of major cities in the world such as Ginza or Manhattan, The Manor Central Park also inherits the trading culture of 36 Hanoi streets by creating modern streets. great. Rows of commercial townhouses run one after another throughout the entire urban area, promising to turn this place into a bustling and attractive destination not only for neighboring people, but also anyone who has the opportunity to visit Hanoi. Noi, turning The Manor Central Park into a leading “destination real estate” in the capital. The urban area is located at the southwest gateway of Hanoi, adjacent to the large Chu Van An park. With a total planning area of ​​up to 89.7 hectares, The Manor Central Park is impressed by its smart open plan, diverse utility system, “measurement and tailoring” for the elite community of residents. The urban area is also “breathed” by the architectural consultancy EE&K; Kume Sekkei and American architect Carlos Zapata – the leading names in real estate planning and design in the world. Carlos Zapata used to accompany Bitexco to create iconic works such as Bitexco Financial Tower in Ho Chi Minh City and JW Marriott Hanoi Hotel.

Tran Trinh Huy (1900 – 1974) was the third son of Mr. Tran Trinh Trach, the richest landowner in Bac Lieu. Mr. Trach has 7 children including 3 boys – Tran Trinh Dinh, Tran Trinh Huy, Tran Trinh Khuong – and 4 girls. All 3 sons are notorious playboys, but the most prominent is still Uncle Huy. Prince of Black, Prince of Bac Lieu Tran Trinh Huy Uncle Ba Huy was born at a time when Mr. Council Trach’s estate was at its peak. Ba Huy’s childhood and childhood lived completely in luxury. Throughout the day, Uncle Ba was pampered and played to his heart’s content. Studying was not interested by Ba. However, when he was growing up, he had to meet the fashion trend of young people to study abroad in France, so Ba Huy asked his father’s permission to study abroad. With the concept that the surface field is not equal to giving his son a letter, Mr. Trach Council tried everything to let Uncle Ba go on the road. After three years in a foreign land, Uncle Ba returned home. In order to welcome the return of his son to be worthy of the family routine, Mr. Trach Council from Bac Lieu to Saigon went to the car company on the corner of Charner (Nguyen Hue) – Bonard (Le Loi) to buy a new car. Although the family’s old Ford is still in use and is the coveted dream of many people. Uncle Huy’s car. This car is currently on display at the Bac Lieu Prince’s showroom Looking at the council man with his grandmother’s clothes, with the … countryside with a faint smell of rice, the car salesmen showed disdain. Regardless, the councilman told his companions to choose the most luxurious, best and most expensive car for him. He sat in that car. Cozy, comfortable. Satisfied, the councilman pulled out the mound and opened it. Countless piles of money made the car salesman roll his eyes. After buying a car, the car was on duty at Nha Rong wharf to wait for the train carrying his son from France to return to the wharf. Uncle Ba Huy ashore to get on a new car next to it, carrying parents and relatives back to Bac Lieu. The car, driven by Uncle Ba Huy, ran at a fairly high speed, making the people sitting in the car tremble with fear. Sitting in the car, the council asked about his learning situation, he calmly replied that he only likes to learn to fly a plane, learn to dance, learn to drive as well as travel to visit farming. of the French. He also did not mention that he left the capital of light a French wife and a half-blood child. Unlike Bach, because he loved the stage, when he went to France, besides having fun, he also approached the Western stage, Ba Huy only focused on agriculture. Uncle Ba accumulated a little capital for farming, so he was then assigned by the council to look after the estate. However, being not interested in the job, Uncle Ba immediately hired a Frenchman to look after and manage the land and gardens. In his spare time, he indulges in playing, leaning with love affairs, going crazy with red and black animals… Compared with the king Going to Bac Lieu to meet the elders, you can hear anecdotes about . This anecdote follows the waterfall anecdote that makes the story of Ba Huy even more vivid. The story is told that after being assigned to manage the estate by his father, every time he visited the field, his father wore a cravatte vest and sat in a Ford vedette. In areas that have to travel by water, he uses canoes. At that time, all vehicles on the river were rowing. His father’s canoe to visit the fields powered by a machine is indeed a rare image in the countryside of Bac Lieu. Moreover, every time he plays sports, he uses a Peugeot sports car. This car was in the South at that time, in addition to his father, only one other person used it, King Bao Dai. Legend has it that in this world, Uncle Ba is not inferior to anyone, including kings. So whenever King Bao Dai had something, Ba Huy got it, including an airplane. The small plane was bought and brought back to Vietnam. Thanks to his time in France, he learned to fly, so Uncle Ba is a pilot who controls the plane every time he visits the field. King Bao Dai’s plane was purchased with public funds. Only Bac Lieu’s son is the only Vietnamese who owns a private jet. The reputation of Bac Lieu’s son’s way of life and play resounded throughout the land of Cochinchina. He lived in harmony with farmers, understanding the plight of farmers. He is willing to reduce rice, write off debts for special circumstances. He also enjoys playing. Once he flew a plane to visit the fields in Rach Gia, he went to Ha Tien. The scenery of Ha Tien was so beautiful that he kept wandering around in the sky until the fuel gauge ran out, he had to land at a nearby airport. Unfortunately, that airport is in Thai territory. Thai authorities impounded the plane and then fined an amount equivalent to 200,000 bushels of rice. Mr. Trach Council had to mobilize a rather long group of boats to carry rice to Thailand to pay the fine to welcome his son back. A newspaper at that time named Le Courrier Saigonnais also published information about this aircraft purchase event. The expression “Bac Lieu’s son” was born in the early 20th century to refer to the children of rich people who are more interested in playing than in learning and working. At first, this idiom was just to generalize about the rich children in Bac Lieu, but later on, because Ba Huy’s play performance was so outstanding, everyone understood that when it came to this word, it was referring to him. Prince of Bac Lieu Tran Trinh Huy is a special phenomenon that is probably difficult to find a second person in this world.

The digitization of land information data will limit land fevers. Illustrative photo: Tuan Nguyen Mr. Mathew Powell, Director of Savills Hanoi, shared that digitizing information will bring benefits in controlling land information, in order to ensure the transparency of information. This is one of the solutions that have been given after land fevers continuously occurred over time, when land prices were pushed up because of lack of accurate information. In addition, according to him, one of the solutions can be mentioned is the establishment of national data on land prices – where all land information is stored on a digital platform. Everything is controlled by the land registry, but the national digitization of land transactions creates a more transparent outlook. “Prices are being pushed up based on misinformation or misunderstandings. This has led to confusion in prices and some people will make wrong investment decisions based on misinformation. Therefore, the emergence of a data source where information is widely and accurately disclosed will allow the real estate market to operate stably and minimize price leaps, “he said. this said. Matthew Powell, for example, in the UK already has a national land information management background. Every piece of land and every transaction that takes place on that land is kept for centuries. Such information is accessed and used by all real estate market operators and the government is also used as an effective legal tool. “It is important to improve the storage and transmission of information, minimizing features that have become obsolete in real estate such as over reliance on papers. As papers are digitized. information is not only transmitted more effectively, but also brings higher confidentiality, “said Savills Hanoi Director. In response to the explosive demand for digital transformation, data centers have been rapidly expanding globally. According to Savills, by 2026, the size of the global data market is expected to reach US $ 251 billion with an average annual growth rate of 4.5 %./.

On May 3, billionaire Bill Gates and his wife Melinda announced their divorce after 27 years of marriage. According to Forbes, Bill Gates is currently the fourth richest person in the world, with a net worth of $ 130.5 billion. He is also one of eight people who own 100 billion dollars in the world, and the Microsoft co-founder also owns a series of expensive real estate. In which, the most prominent is the Xanadu 2.0 house in Medina, Washington (USA). (Photo: Fancy Pants Homes) Billionaire Bill Gates bought this $ 2 million land in 1988. After that, he took 7 years and spent about $ 63 million to build the house. (Photo: Business Insider) The villa is designed in the style of “in harmony with the land”, half hidden at the foot of the hill and the other half facing the vast green lake. As a result, the temperature of the house is always stable in the range of 17-25 degrees Celsius, whether it is hot outside or a snowstorm. (Photo: Business Insider) In mid-2020, Bill Gates and his wife bought a villa close to the beach in the wealthy town of Del Mar near the city of San Diego, California, for $ 43 million. (Photo: The Guiltinan Group) The villa is about 540 m2, including 6 bedrooms, 3 bathrooms, an outdoor swimming pool and a large terrace overlooking the sea. (Photo: The Guiltinan Group) In addition to modern amenities such as hot tub, fire pit … outside the villa also owns 37m of coastline. (Photo: The Guiltinan Group) Not only that, for many years, billionaire Bill Gates quietly bought 242,000 acres of agricultural land across the United States. In terms of the amount of agricultural land owned, Bill Gates is the owner of the largest agricultural land in the United States. (Photo: Business Insider) According to The Land Report, this billionaire has built a huge portfolio of agricultural land spanning 18 states in the United States. (Photo: Prime Times) In 2013, Bill Gates bought a horse farm in Wellington for $ 8.7 million. Previously, he rented the farm to keep his daughter in a horse race in Florida. (Photo: Business Insider) In October 2014, he bought a 92.2 hectare land plot called Rancho Paseana for $ 18 million. The estate includes a racecourse, guesthouse, office, pet area, orchard and 5 stables. (Photo: Business Insider) In the state of Wyoming, Bill Gates has another larger farm, nearly 200 hectares, purchased for $ 8.9 million in 2009. (Photo: Business Insider) In addition, Bill Gates also has many real estate investments through his personal company called Cascade. He owns a large stake in the Charles Hotel (Cambridge, Massachusetts). He also owns nearly half a stake in Four Season Holding’s hotel chain. (Image: Reuters) In 2013, Gates and a few people bought the Ritz-Carlton hotel in San Francisco for $ 161 million. In 2014, this property was valued at $ 200 million. (Image: Reuters)

According to Forbes magazine, the co-founder of Microsoft Corp has a fortune of up to $ 130 billion. This huge fortune includes the charitable foundation jointly named and the largest in the world by the billionaire and Bill Gates, a large-scale private investment firm and a series of expensive real estate. in U.S.A. The Xanadu 2.0 mansion of the billionaire and billionaire Bill Gates is currently worth more than $ 130 million. (Photo: TNS) In addition to the 98,000-hectare ranch, the once-happy couple owning homes across the United States have been acquired for nearly 30 years including in Washington, California, Montana and Florida. One of the most expensive real estate properties of the billionaire Bill Gates is in Medina, a suburb of Seattle. It is famous for being home to billionaire Bill Gates and Amazon CEO Jeff Bezos. The mansion worth more than $ 130 million is also known as Xanadu 2.0 with an area of ​​more than 6,100 square meters located in Medina. The house has an indoor swimming pool up to 18 m long. In addition, the mansion also has an artificial stream to raise salmon. The villa has 7 bedrooms and 18 bathrooms, an indoor cinema with 20 seats and a dining room of 92 m2 with 24 seats. 195 m2 library in Xanadu 2.0 mansion includes 2 secretly rotating bookcases. Depending on the divorce resolution process, Xanadu 2.0 mansion can be sold to divide the Bill Gates and his wife’s divorce property. According to the divorce document that Bill’s family sent to the court and was announced by TMZ, the couple asked the court to divide the property based on separate contracts and did not mention the prenuptial contract. The divorce petition of the couple was filed with the King County court in Washington and this is also one of the 9 states that have communal property laws of the couple, According to Colleen Sparks, the leading lawyer dealing with family affairs at Talkov Law, in states with communist property laws, divorced couples are required to divide all assets in the period. live together fairly. Since billionaire Bill Gates bought the Xanadu 2.0 mansion after he got married in 1994, this means that the world’s fourth-largest billionaire is not the complete owner of this $ 130 million estate. . According to Mr. Sparks, if Bill Gates and his wife do not reach an agreement to buy a mansion in Medina, the court may be forced to sell expensive real estate. But according to Ellen Griffith, an expert in charge of the division of real estate upon divorce, because the Bill Gates and his wife’s house was bought after they got married, it is likely that this fortune will be divided equally by 50 / 50. But according to Ms. Griffith, “They can make an absolute effort to have real estate. It will be a great fight ”. In addition to the large mansion in Medina, Bill Gates and his wife also own 3 homes in California. In 1999, the couple spent $ 12.5 million to buy 1,263 square meters of land in the resort city of Indian Wells. In 2014, the couple continued to withdraw a $ 18 million purse to buy a 92-hectare horse farm owned by weight loss expert Jenny Craig. Bill Gates and his wife are the most expensive deal in California in 2020 when they spend $ 43 million to buy a house overlooking the sea in Del Mar. This house is just 36 meters from the beach. This is the 2nd most expensive real estate deal in history in the city of San Diego.

According to Dirt, The Rock has just spent $ 27.8 million to own properties in North Beverly Park, Los Angeles, USA from comedian Paul Reiser. This is one of the safest and most protected areas in the United States. From the outside, the house language has two main colors, cream and red (tile color), creating a feeling of intimacy and warmth. Built in 1993, the villa is designed by Grant Kirkpatrick in the direction of Mediterranean architecture and one has a separate guest house. The property covers thousands of square meters, including 6 bedrooms, 11 bathrooms, indoor and outdoor swimming pools, tennis courts, high-class gym, movie theater, music studio, cool green garden. Modern cinema room elevates the homeowner’s lifestyle. As an actor, the Fast and Furious star devotes a lot of care to this space so that he can comfortably watch movies and relax after hard working days. The room has enough seats for a large family. The indoor swimming pool was built in a large room with mint green walls and a French door opening to the backyard. Dirt newspaper called this “the perfect resort” because in addition to the full facilities, the living space is also very quiet, not being watched by the surrounding people. The property was initially for sale for $ 30 million, but The Rock has agreed to be purchased for $ 27.8 million. Over many generations of owners, the villa still retains its style. That is the attraction of The Rock, making him own it. A spacious tennis court is located in the middle of a tree-lined garden. Since moving here, The Rock family has become neighbors of Denzel Washington, Sly Stallone, Rod Stewart, Eddie Murphy, Sofía Vergara … According to the source, while not in California, The Rock and his family often spend time in the town of Powder Springs, Georgia, about an hour northwest of Atlanta. There, the Fast and Furious star owns a 45-acre horse-riding estate. This property was up for sale earlier this year for $ 7.5 million, but there is no buyer.

Thousands of emails and documents from the citizenship and citizenship consulting firm Henley & Partners have revealed an unprecedented “door” on the mechanism of the so-called “golden passport” program, in which countries are semi-national. citizenship for foreign giants. This revelation showed for the first time how some people buy Malta passports through a government investment program, allowing them to pretend they are “residing” in the country for a year by renting an apartment. then leave it blank. Two weeks to own a “golden passport” Officially known as the Individual Investor, this program is designed to attract wealthy investors and enrich the national budget. Eight years ago, Malta announced plans to “sell” passports making the European Union (EU) not satisfied. The EU authorities are concerned that “buyers” can travel freely within the EU and Schengen bloc as well as be able to travel to many countries without applying for a visa in advance. In January 2014, a spokesperson for the European Commission gave a speech contradicting the proposals and stressed that EU members should only provide passports to individuals with “real affiliation”. to their country. After two weeks, the issue was somewhat resolved when the Government of Malta released a joint statement announcing anyone “buying” Maltese citizenship would need to reside in the country for one year, while also demonstrating the authenticity of the relationship with their new home. However, Malta’s golden passport program does not specify “place of residence”. Government officials also eluded when asked about the ratio between those who applied for a 12-month period and those who would actually be present. Malta is a beautiful island nation located in the Mediterranean. Photo: Guardian. The vulnerability has allowed some customers, who pay more than 1 million euros under the program, to successfully confirm that they have an “authentic link” with Malta. What they need to do is just spend a few weeks there and do a few activities over the loudspeaker, such as yacht rental or donation to a local charity. Guardian reviewed 250 open letters clients sent to Henley explaining their intentions to Malta. Internal emails show customers constantly asking if they can spend less time here. In the case of a 2014 Middle East client, the representative even asked their manager if “would go to Malta in about 7-14 days (ie the minimum time period) to take a biometrics. study and register and receive card (residence) ”. “If it is not possible to visit for longer, opening a bank account, donating to local charities and becoming a member of a local club will help demonstrate the bond with the country,” the manager answer. This advice shows that instead of 12 months, it seems just two weeks is enough to get a “golden passport” here. “The applicant does not have to be present in that country,” advised a client. “However, in order to create an ‘authenticity link’, (the Malta government) would appreciate it with at least 14 days’ time.” Out of all 250 letters, the applicant’s average commitment to stay in Malta is 16 days. Two bedrooms for 12 people To demonstrate commitment to a new home, Malta “golden passport” applicants will be required to invest € 1.15 million in the country, including a purchase of at least a real estate. 350,000 euros or a 5-year rental for 80,000 euros. Passport of Malta. Photo: Loving Malta. Some properties are rented significantly smaller than the actual size required by the applicant’s family if they plan to live there. In one case, Chinese citizens even rented a two-bedroom apartment for 1,500 euros / month despite applying for citizenship for 12 people, including 6 children. A Maltese citizenship-seeking South African businessman refused to pay Henley an apartment management fee on the grounds that no one would visit it. “The apartment is not used, no one will be there in a year,” he complained in a letter to the company. Malta’s immigration regulatory loopholes have the potential to have serious consequences such as security risks, money laundering, tax evasion, corruption and the risk of escaping water criminals. outside of residence, traveling freely within the EU territory. The European Union Commission recently accused Malta of “selling” citizenship, allowing individuals with little or no connection to the EU. However, the Malta government denied any allegations that the country’s residency requirement was “fake”. It argued that “authentic links” are not defined in EU law and the government of Malta “sets the rules as well as makes the final decision on all citizenship applications”.

The magnificent villa is located in a 14-hectare land plot, located in Douglas County, bought by an American billionaire in 2002 for $ 7 million. The highlight of this mansion is the design associated with many stone materials. The lobby is airy, impressing with a sophisticated large-sized piano and a classical fireplace. Large, luxurious living room, decorated with high-class and elegant furniture. This house has an area of ​​nearly 4,200 m2 with 11 bedrooms and 24 bathrooms. The main dining room is solemn and splendid, featuring a chandeliers with sophisticated design. The kitchen is spacious, ventilated, equipped with all kinds of modern cooking tools. The unique fireplace makes this space more cozy. The master bedroom is located next to the porch, elegantly designed, warm, and highlighted by a carpet made of silk. The main bathroom is vibrant, pink in color and luxuriously paved with onyx stone. The hotel offers an excellent variety of recreational facilities, including cinema, bowling alley, dance, wine cellar, and bar. Indoor swimming pools and hot tubs are integrated in a large space, flooded with natural light.

Britney Spears bought this villa in 2007 and sold it in 2012. The house was completed in 2001, has Mediterranean-style architecture, has an area of ​​nearly 700 m2 with 6 bedrooms and 7 bathrooms. The lobby is airy, sparkling, impressing with a sophisticated and sophisticated crystal chandelier. Luxurious living room, featuring beige stone floors and a large, classic-style fireplace. Simple family space, delicately decorated to bring a close and cozy atmosphere. The kitchen is large, decorated with wood and granite furniture and premium cooking equipment. Formal and open dining room. French doors open to the garden space. The main bedroom is elegant, filled with natural light, with main light tones. Soft curtains give a soft feel and make a room more elegant. The main bathroom is spacious, sophisticated, fully equipped with high-end amenities. The home cinema is one of the most outstanding features of the villa. Outdoor relaxing spaces include swimming pool, hot tub, BBQ area, and lush garden.

Text｜Wang Yaqi

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There are more and more ways to buy vegetables.

Grocery store owners, fruit stall owners and even the staff of the express delivery station, three steps one person five steps one shop, there are always acquaintances around you enthusiastically to Amway: enter my group, order online and buy food, you will be able to come to me tomorrow Here to get the goods.

In the fiercely competitive 1.0 stage, Internet giants entered the game, competing for speed. Grabbing group leaders, occupying outlets, carrying traffic and capital into the originally relatively closed community consumption scene, and when users have the first experience, the next stage, the focus of competition becomes the development of consumption habits, and it is better to use Efficiency and experience to meet demand.

As the “indigenous people” of the community, real estate companies with rich wealth do not want to let go of this fat, and want to get a piece of the pie.

Real estate company not willing to be robbed of business

Take the Hengyou Mini Program as an example. There are 9 sections of local specialties, meat, poultry and eggs, tea brewing, seasonal fruits, alcoholic beverages, cooked food, snacks, cereals and non-staple foods, and new products on the shelves, with approximately 270 SKUs. However, there are not many fresh products. Seasonal fruits, meat, poultry, eggs, milk, and cooked food add up to only 26 SKUs, accounting for less than 10%.

If the category is not vertical enough, then make up the span. It not only provides three meals a day, but also covers various application scenarios of household consumption. For example, Hengyouyou also has tourism products such as a five-day, four-night tour in Zhangjiajie, Hunan, and a four-day, three-night tour in Guilin. Biyouyou also sells small home appliances, rice cookers, mobile phones, data cables, and Baodeli’s selection as well as tissues and laundry detergent. , Masks and other daily necessities.

The prices of commodities are generally higher than those of Dodo and Meituan. In Duoduobuying, the price of 30 native eggs is 13.98 yuan. For newcomers, 4 fresh eggs per cent are the magic weapon for drainage. But in Biyou, the price of 30 eggs is 39.05 yuan.

This is easy to understand. The customers of real estate companies are mainly the owners. The selling of vegetables is ultimately for word-of-mouth services. The goods are cheap but the quality is average. What hurts the owners’ trust in the brand. In the past few years, real estate companies have been trying to put various labels on their brands to increase consumer awareness. The agricultural field, which represents the original ecology and healthy lifestyle, is a key direction of their exploration.

As early as 2012, Greentown Property had done vegetable sales through the cooperation of investment promotion and vegetable suppliers. Wanda directly built a 5,700 acres of organic agricultural park in Beijing, which was self-harvesting and self-selling, as well as agriculture developed by Vanke and China Resources. A characteristic town with unique agricultural, forestry, animal husbandry and fishery products. Country Garden has a wider range of business flows. In 2016, it launched the community store “Phoenix Optimal”, selling a variety of rice, grains and oils. At its peak, there were more than 1,300 stores across the country.

Looking at the financial reports of major property companies, in addition to property fees, the growth rate of community value-added service income is a highlight that all companies have emphasized when they publish their report cards. In 2020, Evergrande Real Estate achieved revenue of approximately 10.51 billion yuan, of which property management service income was approximately 6.322 billion yuan, a year-on-year increase of approximately 37.1%, and community value-added service income was approximately 1.264 billion yuan, a year-on-year increase of approximately 120.6%.

Small community group buying players who survive in the cracks

One question is, why didn’t the property management company choose to directly cooperate with major manufacturers such as Duoduo Mai Cai and Meituan Mai Cai? Take Yi Xiaoxian as an example. The property is responsible for building a new group in the community, and it is the leader of the group. All operations and delivery actions are completed by Yi Xiaoxian. The property only needs to connect with the owner and be a “delivery tool person”. The tool person can be the community security or property management.

The property does not need to allocate too much time and energy, and at the same time it can also have an advantage in income distribution.

Zhang Teng told “e-commerce online”, “Usually our product gross profit is around 20 points. All our sales are allocated to the property. Only 12 points of profit are taken, and the remaining 8 points are reserved for the property. The financial report of the property company is a dazzling GMV. When cooperating with major manufacturers, GMV is basically attributed to the platform. It is impossible to give the property, and the property can only receive a commission. We can even develop a small program for the property. The name of the program can still be XX property.”

On the one hand, it makes the financial report of the property company look better. On the other hand, the user’s resources can still be in the hands of the property. This is the key. At present, Yi Xiaoxian has entered more than 10 communities through the property owner and is expected to cover hundreds of communities in Changzhou by the end of the year.

Taking the 1,200-household Xiangyilanqiao community as an example, the first month’s sales are about 15,000 yuan, of which the customer conversion rate is about 30%, and the average monthly customer unit price is 42 yuan. An industry insider revealed to “E-commerce Online” that the top platforms such as Meituan and Duoduo are in Changzhou, and the average daily turnover of a community is about 20,000 yuan, and the mode of property cooperation is already close to this average value.

Where is the confidence of Baotuan PK Dachang

Zhang Teng described it as a “rigid flow.” At present, most of the group leaders selected by the platform are the owners of supermarkets and fruit shops around the community. These stalls are close enough, but users still need to take a detour to pick up the goods. The security guard of the property company is the head of the team, no matter who it is, you need to enter from the gate of the community, and you will get the goods when you enter.

The conversion rate of this kind of rigid traffic is very impressive. Pan Jun, chairman of the property’s first “Color Life”, revealed in an interview that their membership conversion rate is 7 times that of traditional community shops.

But in the long run, for real estate and property companies, this is more like a transitional strategy-the party that controls the flow must also want to hold the supply chain and operations in its hands, which means that there is no need to monetize the flow. The income is divided out again.

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Finance Minister Ho Duc Phoc works with the General Department of Taxation. The period of 2021 – 2025 is expected to collect about 6,558,500 billion VND On the afternoon of April 23, the Ministry of Finance held a conference to report on the implementation of the task of State budget revenue management (state budget) held at the headquarters of the General Department of Taxation. Director General of the General Department of Taxation Cao Anh Tuan affirmed that the revenue structure of the tax sector is becoming more and more sustainable, with the increasing proportion of domestic revenue in the total state budget revenue (on average, in the five-year period 2011-2015, it accounts for 67 , 5% of total state budget revenue, by 2020, accounts for about 85.6% – the set target is 84-85%). Meanwhile, crude oil revenue accounts for a decreasing proportion, from 12.9% on average in 2011-2015 period to 3.6% on average in 2016-2020 period. In which, the average rate of mobilization of state budget revenue in 5 years in the 2016-2020 period will reach 25.2% of GDP (the target of 23.5% of GDP), of which mobilization from taxes and fees approximately meets the set target. 21% of GDP. Regarding the State budget revenue target for the period 2021-2025 mentioned in the draft Financial Strategy for the period of 2021-2030, which is being submitted to the Ministry of Finance’s leaders for approval, in which, the General Department of Taxation sets targets on state budget revenue for the period of 2021-2025. paragraphs 2021-2025 as follows: First, the average rate of mobilization into the state budget in the period 2021-2025 will reach about 15-16% of GDP, of which mobilization from taxes and fees is about 13-14% of GDP. Second, the proportion of domestic revenue in total state budget revenue by 2025 will reach over 85% of total state budget revenue. Third, the proportion of crude oil revenue by 2025 will decrease to 1.4% of the total state budget revenue. In which, the expected state budget revenue collected by the tax authority in the period 2021-2025 has been reported to the National Assembly at the 10th session, the 14th National Assembly is expected to be about 6,558,500 billion VND, including: Crude oil revenue. VND 108,200 billion; Domestic revenue was VND 6,450,300 billion, of which, revenue excluding land use fees, dividends & profits, lottery, and the difference between State Bank revenues and expenditures was VND 5,311,600 billion. In addition, it is expected that the 5-year 2021-2025 collection to update the 5-year financial plan 2021-2025 has been coordinated by the General Department of Taxation and functional units to submit to the Ministry of Finance for updating the 5-year financial plan. 2021-2025. Accordingly, the estimated total state budget revenue managed by tax authorities in the five years period 2021-2025 is about VND 6,844,700 billion, 1.2 times higher than that of the 2016-2020 period; 286,200 billion higher than the expected revenue in the five years from 2021-2025 to report to the 10th session of the National Assembly, XIV National Assembly (6,558,500 billion). In the field of tax administration reform, General Director of the General Department of Taxation Cao Anh Tuan affirmed that the Tax Department is determined to reduce the time to implement tax administrative procedures to strive to be one of the leading countries by 2025. Southeast Asia is ranked as having a tax advantage. In which, striving: The rate of electronic tax declaration procedures at level 3 and 4 reaches at least 95%; The rate of online public services at levels 3 and 4 integrated with national public service portals reaches at least 70%. Director General Cao Anh Tuan reported at the Conference. Consider the regulation rate according to the specific mechanism of Ho Chi Minh City Speaking at the conference, the Minister of Finance Ho Duc Phoc noted important results in the management of state budget revenues in recent years. According to the Minister, in 2020, although the socio-economic situation of the country still faces many difficulties due to the Covid-19 pandemic, but with the drastic direction of the Party, National Assembly, Government, Prime Minister The Government and the entire Finance sector in general have made great efforts to fulfill their assigned political tasks. The Minister asked the leaders of the units under the Ministry of Finance to focus on leading, directing and meeting the task requirements in the new situation. In particular, it is necessary to regularly direct, review and evaluate cadres, civil servants and public employees as a basis for staff evaluation, ensuring good completion of assigned tasks. Minister Ho Duc Phoc requested the Tax Policy Department (Ministry of Finance) to preside over and coordinate with the General Department of Taxation and the General Department of Customs to advise early on the regulation rate according to the specific mechanism of Ho Chi Minh City, in order to avoid the improper application in the implementation process makes it difficult for the state budget management. The Minister noted that in the coming time, the taxation sector needs to focus on completing the estimate, this is the most important task, focusing on building and completing tax legislation, and strengthening the management of objects to combat revenue loss, especially in the fields of potential sectors such as electronic transactions, cross-border transactions, real estate, transfer pricing, transfer transactions. Tax Departments need to link with the land registration office; coordinating with banks to combat money laundering; Residential data connection; enhance propagation and settlement of complaints for taxpayers … In the field of tax consultancy, it is necessary to review and sum up and evaluate the effectiveness of tax agents. In particular, it is necessary to organize training and management organization in accordance with regulations. For the management of state budget revenues, the Minister suggested that the Taxation branch should strengthen the implementation of electronic taxation; expanding objects of electronic tax declaration; coordinating with authorities to determine financial obligations; Need to build big data about taxpayers and apply artificial intelligence in revenue control and build an electronic invoice database through which to promptly identify and handle incorrect invoices to promptly handle them. wrong issues. In addition, it is necessary to focus on researching and developing decrees and circulars on the implementation of e-invoices, proactively implementing appropriate tax and fee solutions to contribute to solving difficulties and supporting businesses. citizen. For tax data storage, it is necessary to continue to upgrade and modernize the server system, ensure the server operates 24/24 and have security and backup systems. At the same time, strengthen tax inspection and examination based on analysis of risk assessment data; strengthening professional capacity, inspecting and strictly enforcing violations and violations of the law; Promote international cooperation to combat tax evasion, create conditions to attract investment. Minister of Finance Ho Duc Phoc especially emphasized: “Promoting the tradition of construction and development, I hope that all units in the entire Finance sector continue to strengthen discipline, solidarity, creativity, and vigorously emulation for a comprehensive victory, exceeding the financial – budget targets and tasks, determined to strive to fulfill well the tasks assigned by the Party and State “.

Development is not sustainable The document states that in the past 15 years, the real estate market has grown rapidly but has not yet achieved the transparent, healthy, stable and sustainable development goals. The market still repeats many land fevers, especially the land fever that occurs consecutively on a large scale today, causing many negative consequences, losing opportunities to create housing for many income earners. On average, urban low-income people, labor workers and migrants, affect social security and order. Land fever in the area of ​​Phan Thiet airport in early March 2021. Photo: Hop Pho The main culprits of the land fever, house price fever, land price fever are the “head of the family, land storks, and dishonest businesses” who perform tricks to spread rumors, make prices – blow prices, take advantage ” crowd psychology – greedy “,” prey “on fake purchases and excess opportunities to” chisel the fat “, illegal profit and in some cases there was connection, support, “back against” of grassroots cadres. When the land fever subsided, many individual investors “surf” with the crowd due to lack of capital to borrow with high interest rates, not having enough information and skills, so they were trapped and lost heavily. even fell into the situation of accumulating debt. Many land plots became deserted, while land prices in some localities were pushed too high compared to their real value, negatively affecting the investment environment, making it difficult to attract investors, especially big investors. In addition to land fever, there is a situation of skyrocketing house prices, mainly due to a sharp decline in the supply of housing projects, a lack of housing products, especially a lack of affordable apartments. or low-cost commercial housing, social housing. The shortage of supply due to unapproved housing projects, congestion in construction investment procedures, and general intangibility have created advantages for some businesses that already have existing projects and have home products. In overwhelming the market “imposes” the selling price to get a very high profit. Tax against speculation Through the research, Mr. Le Hoang Chau, President of HoREA, proposed to the Prime Minister to consider solutions to “treat” land fever and stabilize house prices through the effective use of tax tools and the issuance of unjust tax. movables. Specifically, HoREA proposes to issue tax against speculation on housing and land; Income tax is imposed at a very high tax rate for the sale or transfer of houses and land right after establishment to eliminate the speculation of investors in case the market shows signs of speculation or fever. hot “bubbles”. “I hope the Prime Minister will consider and set a very high tax rate if selling or transferring houses and land in the first year and keep high tax rates in the second and third years. Cases of sale and transfer of houses, After being created for 3 years or proving that the need to sell or transfer houses or land is justified, the normal tax rate will be applied.As such, this tax will not affect home buyers. there is a need to create real houses “- stated by HoREA’s document. HoREA also recommends taxing people who own multiple properties that are subject to a progressive tax rate depending on the number of properties owned. In case the real estate market is speculated, very high tax rates can be applied to eliminate the will to speculate. The delay in putting land into use should also be high taxed to eliminate the will to “hold on to” the land, slow to put the land into use and to combat land speculation. Real estate tax In particular, the Association proposed to issue a “real estate tax”. Because at present, homeowners do not have to pay housing property tax, but only have to pay “non-agricultural land use tax”, including “residential land” at the rate of “residential land” in the term. the rate is 0.03% of the land price list, so the tax payment rate is very low, almost negligible. The association agreed with the Ministry of Finance’s proposal to consider issuing a “real estate tax” on the value of houses and land, to create a stable and sustainable source of revenue for the state budget. But the Association recommends carefully considering, to ensure that it is consistent with the common income of the majority of individuals and households who have middle income and low income in our country. However, in order not to have the “tax-stack tax” situation, it is necessary to replace the current “land use levy” collection method, which is a burden for home buyers in housing projects. Horea proposes to add the efficient use of monetary and credit tools of the State Bank. In addition, it is proposed to use measures to reduce the proportion of real estate loans to buy credit for “surfing” investment, as well as to strictly control “consumer credit”, to prevent the transfer of a part of sources. loans to build a house, repair a house, buy a house, to “surf” when the real estate market has a “bubble” fever. Tight control of “dirty money” In addition, HoREA proposes to strictly control the source of “dirty money” to buy real estate for “money laundering”. According to Mr. Chau, in the first 3 months of 2021, real estate credit growth of 3%, although higher than the overall credit growth of only 2.93%, but not too unusual. Thus, a big question is that the huge investment capital that makes the real estate market hot “bubble” now come from?

Recently, however, a man who bought a 3 bedroom house in Sydney, Australia has accepted to pay a higher price than the listed price just because he likes house number 65. The house with number 65 in the front makes customers want to buy it right away The house for sale for sale for $ 3.9 million (69 billion) on a real estate website in Australia. “It is his favorite number, certainly the number he wants to buy …”, Angus Gorrie – representative of real estate company McGrath said. It is known that this man spent 4.8 million AUD (85 billion) to complete the transaction within 4 days after the house was listed on the market. The identity of the buyer is not disclosed, but the person is about 40 years old and has been searching for his dream home for 1 year. After finding the 3-bedroom house number 65 for sale online, the man immediately came to see it and decided to buy it on the second view. Due to the purchase of the desired home, this guest and his family are excitedly moving into a new home. The house is airy, located in an area with many facilities In addition to the 65th house number, the man about 40 years old also likes the beautiful location where the property is located. The house has a newly refurbished kitchen, 3 large bedrooms, a built-in wardrobe, 2 bathrooms, a family living area and a spacious dining area with a beautiful garden. Behind the house is a parking space with enough room for 2 cars. From the house, take a short walk to parks, shops and public transport … Dieu Quynh (According to Mirror)

Since both are about to turn 40, fans await the dream wedding of the two most powerful stars in Korea. Amid the media speculating about Hyun Bin and Son Ye Jin’s house, the newspaper Ilyo revealed that the 39-year-old actor bought a new penthouse worth about $ 4.3 million. This is considered Hyun Bin’s marriage preparation. The place where Hyun Bin lives is high tranquility and privacy. RiRi followed in the footsteps of a colleague who bought a house after dating According to the SCMP Hyun Bin’s new $ 4.3 million penthouse is too large for a person to live in. Therefore, it is not wrong for the media and fans to think that he buys a house to prepare for a marriage. During the past year, many Korean stars bought a new house after declaring their love stories or deciding to marry, Hyun Bin was also among them. The couple recently known to join the “dating, buying and getting married” cycle are actor So Ji Sub and former reporter Cho Eun Jung. June 2019, movie star Glass shoes spent $ 5 million in cash to buy real estate in Hannam The Hill in Hannamdong area. The property is located near Nine One Hannam, the residence of G-Dragon and several other famous idols. The couple landed where he followed in the footsteps of his colleague to buy a house to plan marriage. Real estate was bought only a month later, he publicized his relationship with reporter Cho Eun Jung. After months of dating, So Ji Sub got married in April 2020 and moved home. Rain and Kim Tae Hee did the same thing a few years ago. Movie stars Happy home bought a house in Itaewon area in October 2016, just three months before getting married to “national treasure of Korean beauty”. Song Joong Ki and Song Hye Kyo also have a similar way of buying a house before getting married. Dilettante Descendants of the sun Buy a villa in Hannamdong for about $ 9 million before officially officially dating Song Hye Kyo. However, the powerful couple divorced. Become the neighbor of many famous people Amid the media constantly discussing Hyun Bin’s new home, Vast Entertainment quickly said, “We cannot confirm or reveal the details of the house. It is Hyun Bin’s private residence”. Although not directly confirmed, many fans believe that Hyun Bin buys a house to prepare to welcome Son Ye Jin to live with him. December 2020, movie star I’m Kim Sam Soon moved to a penthouse with an area of ​​about 242 m2, located in the Walkerhill Podoville area of ​​2,600 square meters. Real estate Hyun Bin just bought is located in Achiul Village, an eco-friendly neighborhood in Guri City, Gyeonggi Province, not far from Seoul. According to the Sunday News, All procedures, papers to transfer the ownership of the villa have been transferred to Hyun Bin by the investor since early January. Park Jin Young and Oh Yeon Seo are Hyun Bin’s new neighbors. From a distance, the attic apartment is tastefully designed with a garden on the top floor, lots of open and airy spaces. The property has transparent glass windows, including a sky well. However, the apartment still retains a very high privacy. The interior of the house is also designed with a simple but luxurious architecture, while the bedroom has a spacious, comfortable bed, and a large wardrobe. After buying an apartment in Achiul Village, Hyun Bin became the neighbor of many big stars, typically Park Jin Young – the CEO of JYP Entertainment. Park Jin Young introduced her apartment in Achiul Village while appearing on show Our Neighborhood Arts and Physical Education. Comedian Yang Se Hyung visited JYP’s boss’s house and confirmed Achiul was a good accommodation. He contacted the real estate agent to find out information about the real estate. Singer Jo Sung Mo and actor Oh Yeon Seo – the actress appeared in many dramas like Enthusiasm, Hoa Du Ky … – also becomes Hyun Bin’s new neighbor. Oh Yeon Seo lives right below the 39-year-old’s apartment. Due to the high privacy, the neighborhood attracts many famous artists specializing in painting and composing. Some famous names are writer Lee Hwa, Park Wan Suh, painter Lee Seong Ja, Choi Ji Suk and hanbok designer Heo Young. Hyun Bin’s expensive real estate The $ 4.3 million penthouse is not the only property Hyun Bin owns. In 2013, the actor Memories of the Alhambra Buying the entire building in Cheongdamdong for $ 4.3 million. This is considered an upmarket and expensive neighborhood not inferior to Hannamdong in Seoul. The actor also aggressively spent $ 2.4 million to turn the old house into a modern and comfortable place to live. In 2017, with its expensive facade and luxurious design, the building won the 35th Seoul Architecture Awards Excellence Award. Currently, the market price of the building falls to about 8.9 million USD. Hyun Bin used to live in many expensive areas. Before moving to a penthouse, Hyun Bin lived in the luxurious Mark Hills area in Heukseokdong, Seoul, South Korea. In Korea, Mark Hills is considered a building with a beautiful view, watching the Han River, Namsan Tower hidden in the fog. Information from TMI News , to own an apartment in Mark Hills, buyers have to spend 3-4.5 billion won (equivalent to 2.5-3.7 million USD). While living in Mark Hills, the actor became the neighbor of many stars, including actor Lee Min Ho, couple Jang Dong Gun – Ko So Young, sister couple Krystal Jung of group f (x) and Jessica. Jung (SNSD), Daesung (Big Bang) …

Many other studies also show that when going to high mountains – where there is thin air and low pressure, it has a very good effect on the circulatory system and respiratory organs, stimulating the metabolism to help the body feel relieved.

Around the world, the trend of owning resort real estate in mountainous areas is popular with the elite. The mountain villas are formed by elite communities, successful people, politicians, famous stars … The recent national survey by the Colorado Brokerage Association also highlighted, sales of apartments The second home mountain view has increased by 44% in 2020 showing that this trend will still explode in the near future. Resort real estate in mountainous areas is favored by the elite Not out of the trend, the mountain resort real estate market in Vietnam has been very active recently. With areas possessing hilly terrain, located in a typical cold season climate such as Sapa, Hoa Binh … is an ideal strength to exploit the value of mountain resort real estate. The advantage of health as well as spiritual value is a plus point that helps mountain resort real estate become the choice of the Vietnamese elite when looking for a second home near the center. Enjoy the value of living at Ivory Villas & Resort Hoa Binh
Hoa Binh is one of the localities ranked in the list of worth-to-experience tourist paradise near the center of Hanoi. The unique Hoa Binh culture, the beautiful natural landscape “charming water,” poetic is a beautiful natural space that attracts anyone who wants to come here to rest and restore health. Ivory Villas & Resort is surrounded by 2,000 hectares of natural forest, mountain-back, lake front brings fresh and quality life. Outstanding among the projects being implemented in Hoa Binh towards the value of human health is the Ivory Villas & Resort project. Taking advantage of the mountainous terrain, Archi Reenco Hoa Binh Joint Stock Company – a member of Viet My Group has developed a project to lean into the mountains, majestic nature, make the most of the advantages of the terrain. Low mountain areas, meeting the healthy living needs of each employer. This is not only a high-end resort product but also a highlight to increase the value of the whole area. About 45km from the center of Hanoi, only 1 hour drive, located at an ideal altitude of 180m -200m above sea level, Ivory Villas & Resort possesses a unique terrain offering the experience of touching the clouds and the sky, Immersed in the vibrant green of nature that any customer would want to look for when coming to Luong Son mountain town, Hoa Binh. The whole project is surrounded by 2000 hectares of natural forest, mountain-backed, lake in front of which brings a fresh and quality life for people. According to research by Danish scientists, living in a green space helps to reduce the risk of mental illness by up to 55%, improve health, and help people relax and peaceful. Therefore, choosing Ivory Villas & Resort is to choose peaceful moments of rest, restoring energy to the body after busy moments of work. The infinity pool at Ivory Villas & Resort with panoramic views of nature Gradually receiving the quintessence of the new era, Ivory Villas & Resort brings full life value to each owner with a chain of utilities that elevate the value of life such as Dai Vong Canh, Nhat Ha Lake, 5-star restaurant, Nhat Sac terraced flower garden, outdoor infinity pool and restaurant of international standard. The mountain and forest materials accentuate the spiritual experience, while contemporary amenities satisfy the comfort of life. Owning Ivory Villas & Resort is to recreate the image of a large multi-generational family, becoming a symbol of wealth and affection.

Recently, a screenshot entitled “Suspension of Internet celebrities’ attention to real estate and related personnel business input” has been circulated in the Shenzhen real estate agency circle.

The screenshots show that the recent supervision risk of Shenzhen Housing Management for real estate speculation is too high. The business of 17 “Shenzhen Housing Management” related personnel and 13 related real estate businesses have been suspended, and these real estates are the previous Internet celebrity real estate in Shenzhen.

According to people familiar with the matter, the notified banks, guarantee companies, and intermediaries have all been notified that the government has listed the above-mentioned properties as key responsible properties, and China Merchants Bank and China Construction Bank have suspended accepting any loans for the above-mentioned properties.

Net celebrity disc changed to kill pig disc?

Shenzhen Housing Management member was borrowed by the bank

According to people familiar with the matter, Noord Holiday Garden, Kaisa Qianhai Plaza, and Zhonghai Sunshine Rose Garden are the hardest hit areas of the Shenzhen Housing Management’s hype. The owners will resell them within two years after they bought it. For example, Noord Holiday Garden has risen to 160,000 square meters and Zhonghai Sunshine Rose. The park rose to 130,000 per square meter, and Kaisa’s Qianhai Square rose to 140,000 per square meter. “As long as the owners have bought these properties since 2019, the banks will not accept any loans, and they must strictly investigate the source of the owners’ down payment funds.”

The above incident coincides with the bank’s loan to Shenzhen Housing Management members a week ago.

On April 8th, according to the Nanfang Daily report, ICBC’s internal documents showed that ICBC required internal inspections on whether branch employees had business cooperation with “Shenfang Li”; and for the release after January 1, 2020, the collateral was ” A comprehensive investigation was carried out on the business of five real estates including “Noord Holiday”, “Kaisa Qianhai Plaza”, “Zhonghai Sunshine Rose Garden”, “Ming (Ming) Zhuli Garden”, and “Qianhai Times Square” (with a list of real estates).

According to reports, some members of the “Shenzhen Housing Management” real estate speculators have been “taken out” by the bank, which means they have received their loans early.

According to people familiar with the matter, the loaned property was sold at Noord Holiday Garden in May 2020 for 6.38 million, and the buyer borrowed 4.46 million from the bank.

In addition, a number of “Shenzhen Housing Management” cradle members were drawn out. Some were notified (required to settle their loans in advance), some business loans were investigated, and some were investigated for unidentified sources of down payment.

Once tens of millions of houses are borrowed, the speculators will inevitably face multiple problems such as the break of the capital chain. Even if it is now listed for sale, for the second-hand housing market after the Shenzhen New Deal, the threshold for getting on the car has become higher, and the loan review has become stricter, leaving many hard-need customers feeling helpless.

Without the taker, the Internet celebrity plate has become a killer plate, and the speculators have increased the price of the house, and they have also locked themselves in.

102 copies of Shenzhen real estate materials exposed

In early April, a user named “Shenfangli Decoration Team 003” caused an uproar. On its Weibo, 102 copies of materials for real estate speculation by members of the Shenzhen Real Estate Co., Ltd. broke out, and said on April 7, “The materials have been directly submitted to the staff of the Banking and Insurance Regulatory Commission. You have worked hard.”

@深房理装饰队003 A Weibo on April 2 pointed out that Weibo user @美妈陈小泉 applied for a personal business loan of 3.85 million yuan for real estate speculation on September 18, 2019. “There are more loans under his name that are also used for real estate speculation. If you need more detailed information, please contact me by private letter. Please check carefully.”

On April 4, @深房理装饰队003 even exposed 102 copies of real estate speculation materials in one fell swoop. He wrote “102 copies of materials for real estate speculation by members of the Cradle of Shenfang Management Partnership” and attached a long picture.

It is reported that most of the contents of the long map are purchase information, mostly in the first half of last year, with the purpose of “recruiting shareholders on behalf of the holders.” In addition, Chang Tuhai mentioned many second-hand housing communities and districts in Shenzhen that had been “hyped” before, such as Qianhai Times and Baoan Central District.

Seven departments including the Shenzhen Municipal Bureau of Housing and Urban-rural Development

Investigate and dispose of the reported matter

On April 8, the Shenzhen Municipal Bureau of Housing and Urban-Rural Development and other seven departments issued a notice on the investigation and handling of reports involving “Shenzhen Housing Management”, stating that recently, some netizens reported that “Shenzhen Housing Management” violated laws and regulations in real estate speculation. In order to implement relevant national laws and regulations and effectively maintain the order of Shenzhen’s real estate market and financial management, the relevant departments have launched a joint investigation into the suspected violations of laws and regulations by the “Shenzhen Real Estate Management”:

Which mentioned,

1. Regarding the “in-depth housing theory” reported and instigated by the real estate speculators to defraud the qualifications of buying houses by falsifying, concealing the true situation, or providing false certification materials, once verified, the relevant parties will be included in the list of dishonesty and be subject to joint punishment. The housing construction department will take measures in accordance with the law to stop using the “House Purchase Intention Registration System” and the contract online signing system, stop buying or renting affordable housing, and stop eligibility for provident fund loans.

2. Regarding the “Shenzhen Real Estate Management” reported in the report in the name of joint venture capital, crowdfunding, etc., to raise funds from unspecified objects for the purchase of houses and promise to return the proceeds, suspected of illegal fund-raising, the handling of the illegal fund-raising department will work with the competent authorities of the industry, The supervisory department will investigate and dispose of it in accordance with the law.

3. Regarding the report reflected that “Shenzhen Real Estate Management” provides “one-stop” services to instigate and assist borrowers to defraud credit funds for illegal use of housing purchases, the financial regulatory authorities will include the “joint investigation action to prevent illegal flow of loans for business purposes into the real estate field” as a guide Check the key clues. Once verified, the financial institution will withdraw the loan in advance in accordance with the law and the contract, and severely penalize the financial institution and its employees who fail to perform their duties in accordance with the law. The housing construction department will investigate and deal with intermediaries that assist borrowers in illegally arranging credit funds, and financial institutions will not be allowed to cooperate.

4. The market supervision department will investigate and deal with the suspected false advertising behaviors of “Shen Fang Li” discovered in the law enforcement inspection in accordance with the “Advertising Law” and other laws and regulations. Currently, the case is under investigation and processing.

5. As for the “Shen Fang Li” publishing false and untrue information through its public accounts and chat groups, once verified, the cyberspace administration will take punishment measures such as suspending relevant account services or shutting down relevant accounts in accordance with laws and regulations.

6. The suspected criminal clues discovered during the investigation will be transferred to the public security organs for handling in accordance with the law.

   Relevant investigation and processing results will be announced to the public as soon as possible.

   Shen Fang Li denies exposing materials

   Issued death threats to the whistleblower

   On the night of the official announcement, a person familiar with the matter broke the news that Shenfangli and its group friends urgently disbanded the “Shenfangli V+ member group” and asked members to delete chat records and his WeChat.

   At the same time, Shenfangli stated on Weibo that regarding the content that has not been circulating recently on the Internet, the application has been filed through a lawyer. And put it on the top, and the latest update of Shenzhen Housing Management stayed on April 13th.

   

   In addition, on the morning of the 15th, a netizen named “Pengcheng Shekou” published a ten-thousand-word essay, reporting to Shen Fangli with his real name and threatening him and the reporter @深房理装饰队003 with death.

   

   According to Pengcheng Shekou Weibo article, he is considered by Shenfangli to be the actual holder of Weibo account @深房理装饰队003. Therefore, Shen Fangli set up a WeChat group in December 2012 to let his cradle members threaten him, and received death threats yesterday.

   

   Just now, the blogger said that Shenzhen Public Security has contacted him and will investigate this.

   

   At present, the “Shenfang Li” related investigations are still being processed, and the results are awaiting official announcement.

Produced | Sohu Think Tank

Edit | Yuan Changyou

Xiao Gang, a member of the National Committee of the Chinese People’s Political Consultative Conference and former chairman of the China Securities Regulatory Commission, recently stated in the “National Wealth Lecture Hall” program that in the future, the proportion of financial assets in residents’ wealth will become higher and higher, and the capital market should become a carrier of wealth appreciation.

Xiao Gang said that in the past we mainly relied on indirect financing and used bank leverage to mobilize savings to support technological innovation and manufacturing investment. However, in the historical stage of building an innovative country, the development of direct financing, especially equity financing, has become an inevitable trend. The next step in the reform of the financial market should focus on expanding the role of direct financing, especially equity financing, in supporting technological innovation and industrial transformation and upgrading.

“Science and technology innovation requires a large scale of investment, a long investment cycle, and high investment risk. Many innovations ultimately fail. In this case, the use of bank credit may put a heavy burden on innovation entities. Bank borrowing is corporate debt and needs to repay the principal and interest, which will inhibit the enthusiasm of innovation entities. Direct financing, especially equity financing, fits the characteristics of innovation well.”

The development of the equity investment market requires reforms in many aspects. First of all, Xiao Gang said that many private equity investment funds currently invest in mid- to late-stage projects, while technological innovation often requires strong support for early-stage projects, which requires more long-term and patient capital. Therefore, it is necessary to introduce more incentive policies to attract capital investment in early-stage, technological projects to promote technological innovation.

Second, he said that the current comprehensive reform of the exchange market has achieved obvious results, but further reforms are needed to expand the proportion of equity financing. For example, the NEEQ has achieved initial results in last year’s reforms. It mainly serves private and innovative small and medium-sized enterprises. The development potential after the reform is worth looking forward to.

Regarding the over-the-counter trading and over-the-counter markets of securities companies, Xiao Gang emphasized that in the past we paid more attention to on-exchange and standardized trading, but in fact, there are over-the-counter markets that need to be standardized. “In the past, there were many problems in the OTC market, such as non-standardization, information asymmetry and opacity, lack of trust mechanisms, etc. However, with the help of financial technology, such as blockchain, big data, artificial intelligence and other technologies, it was combined with OTC transactions. It may make up for the shortcomings in the over-the-counter market in the past.”

Xiao Gang believes that the current share of financial assets in residents’ wealth is still low. With the reform and development of the equity investment market, the proportion of financial assets in the wealth of residents will become higher and higher in the future, and there will be a trend of “financialization of wealth”. Resident assets will no longer consist of real estate, but will have more financial instruments. In the future, the capital market should provide richer products and become a carrier for the appreciation of residents’ wealth, so that investors can obtain more property income.

[Sohu Think Tank: Gather the wisdom of scholars and entrepreneurs to get the pulse of economic trends. If you are interested in contributing or contacting on-site reports, interviews, and program cooperation matters, please send an email to zhikucaijing@sohu.com]

The Berlin rent cap is invalid after a decision by the Federal Constitutional Court. The law was void, it said in the decision of the judges. The rent cap, which came into force more than a year ago, violates the Basic Law. Since the federal government had already decided on the rent brake in 2015, the legislative power lies exclusively with it, it said in the decision. There is therefore no room for the countries’ own laws. So the lawsuit by 284 members of the Bundestag of the Union and the FDP in Karlsruhe was successful. Two Berlin civil courts had also asked Karlsruhe for clarification.

1.5 million apartment rents frozen

The Berlin rent cap was unique in Germany; the law passed by the red-red-green coalition was initially limited to 2025. On February 23, 2020, the existing rents for 1.5 million apartments in the capital were frozen – at the level of June 2019. This affects nine out of ten rental apartments. The Berlin Senate Department for Urban Development and Housing had assumed before the decision that tenants would have to pay the actual, higher rent again if the rent cap was tipped. In the event that this applies retrospectively, she had already recommended tenants to put the money saved for the time being. Under certain circumstances, the difference has to be paid for the entire contract period.

Seehofer: Rent cover was the wrong way to go

Federal Building Minister Horst Seehofer welcomed the judgment of the Federal Constitutional Court. “The rent cap is now history. That is good, because it was also the wrong way to go in terms of building policy,” said the CSU politician. “It created uncertainty in the housing markets, slowed down investments and not created a single new apartment.” To counter the housing shortage, there is only one motto: “build, build, build!” Last year, 300,000 new apartments were built, “more than in 20 years”. Building “is and will remain the best protection for tenants,” says Seehofer. This means that the past year is above the longer-term trend. However, the federal government will fail to achieve its goal of creating 1.5 million new apartments by the federal election. About 1.2 million apartments are expected to be finished.

Real estate industry welcomes decision

The FDP, which had gone to the Federal Constitutional Court against the rent cap, was pleased with the judges’ decision. “The fact that the rent cap is void is good news. Because such interventions in the market are merely combating symptoms,” said FDP parliamentary group vice Michael Theurer after the decision. The building and housing policy spokesman for the FDP parliamentary group, Daniel Föst, added: “The Berlin Senate, against their better judgment, abused the tenants for an ideological experiment, and that was completely unsuccessful.” The real estate industry also welcomed the Karlsruhe decision. “Finally there is legal certainty,” said the chairman of the Eastern Region of the Central Real Estate Committee (ZIA), Stefanie Frensch, of the dpa news agency. What many appraisers, associations and legal experts have repeatedly warned has now been confirmed by the highest court: “The state of Berlin has no legislative competence for a rent cap.” The supply of rental apartments has plummeted and it has rarely been so difficult to find an apartment in Berlin.

Tenants’ Association: “A wake-up call to the federal legislature”

It is particularly bad that the lid did not ensure cheap rents for low-income tenants, said Frensch. Wealthy tenants in good Berlin locations in particular would have had to pay less. “For the other cases, a hardship case is now required,” she said. In the long term, there must now be impulses to accelerate planning and construction so that the rental markets in the metropolises and university towns can relax over the long term. Following the decision of the constitutional judges, the German Tenants’ Association calls on the federal government to finally act. The decision is bitter, “but it is also a loud wake-up call to the federal legislature to finally act and stop the rent explosion in many German cities,” said the President of the German Tenants’ Association, Lukas Siebenkotten.

Vonovia waives back payments

The real estate company Vonovia has now announced that it will forego additional rent payments in the capital. “The decision of the Federal Constitutional Court is logical, and the rent cap was not suitable to solve the problems on the Berlin housing market,” said Vonovia boss Rolf Buch. “We have decided not to ask for any rents that we would now be legally entitled to based on the decision,” he said. The tenants should “not suffer any financial disadvantages as a result of political decisions made”. Vonovia is therefore foregoing additional rent claims amounting to around ten million euros.

Fine of up to 500,000 euros

In order to curb the price increase on the Berlin housing market, the Senate had decided on the rent cap. From November 2020, rents that are more than 20 percent above the upper limit for the apartment had to be reduced by law. Violations could result in a fine of up to 500,000 euros. The rent cap did not apply to new apartments that were finished since 2014. The review by the Federal Constitutional Court was initiated by more than 280 members of the Bundestag from the FDP and the Union, with a joint legal review application. The Berlin regional court and a district court, where landlords have sued, also considered the regulations to be unconstitutional and switched Karlsruhe on.

Demonstration in Berlin-Neukölln

After the end of the Berlin rent cap, several thousand people demonstrated in the federal capital for a nationwide rent freeze. They criticized the decision of the highest German court and demanded more political action against the “rent madness”. The demonstrators first gathered at Hermannplatz in Neukölln and then started an elevator that should lead to Kottbusser Tor in Kreuzberg. The Berlin tenants’ association had called for the protest. The police spoke of a number of participants “in the mid four-digit range”, the organizers of thousands of demonstrators. File number: 2 BvF 1/20 and others

In order to give full play to the role of public opinion supervision, deter illegal advertising behavior, enhance consumers’ awareness of preventing false and illegal advertising, guide market entities to operate in good faith and law-abiding, and create a fair competition and clean advertising market environment, in accordance with the “Advertising Law of the People’s Republic of China” In addition to relevant laws and regulations, the Guangzhou Municipal Market Supervision Bureau has now announced the first batch (15) of typical cases of false and illegal advertisements in 2021.

Among them, Guangzhou Dongling Real Estate Development Co., Ltd. issued a false and illegal real estate advertisement case showing that the parties involved in the sale of “Gemdale·Xiangshan Lake” real estate, published advertisements through WeChat public accounts, project sand tables, publicity boards, and remodeled model houses. It contains “20 minutes to Guangzhou Baiyun Airport,…30 minutes to Guangzhou Tianhe and other centers, 20 minutes from the project to Tianhe… 30 minutes to Tianhe on the highway…”, “Natural oxygen bar with 80% vegetation coverage, It releases up to 12,000 negative oxygen ions per cm3 per day, which is 10 times the content of negative oxygen ions in the urban area of ​​Guangzhou…”, “The practical space is up to five floors, buy three floors and get two floors”, which violates the “People’s Republic of China” The provisions of Article 4, Article 26, and Article 28 of the Advertising Law constitute an act of publishing false and illegal real estate advertisements.

In accordance with Article 55 and Article 58 of the Advertising Law of the People’s Republic of China, the Market Supervision Bureau of Zengcheng District of Guangzhou City imposed administrative penalties on him, ordered to stop publishing illegal advertisements, eliminate the impact within the corresponding scope, and punish them 920,000 yuan.

According to the Tianyancha APP, the largest shareholder of Guangzhou Dongling Real Estate Development Co., Ltd. is Gemdale (Group) Co., Ltd. (“Gemdale Group”, 600383.SH), and Gemdale Group directly holds 80% of the shares, totaling 98.90 shares. %.

According to the official website of Gemdale Group, Gemdale Group was founded in Shenzhen, China in 1988 and listed on the Shanghai Stock Exchange in 2001 (600383.SH). After decades of exploration and practice, it has now developed into a real estate development-based business and related diversified businesses. A comprehensive listed company with comprehensive development. Business covers real estate development, commercial real estate and industrial park development and operation, real estate finance, property services, sports industry operations, home improvement industry, agent construction industry, education industry, etc. The business scope is oriented at home and abroad, covering more than 120 large and medium-sized cities in China and 8 different cities and regions on the east and west coasts of the United States.

Gemdale Group’s 2019 annual report shows that Guangzhou Dongling Real Estate Development Co., Ltd. is its wholly-owned subsidiary, and Gemdale Group holds 80% directly and 20% indirectly.

On March 30, Hongyang Real Estate (01996.HK) held an online performance conference as scheduled. Board Chairman Zeng Huansha led Executive Director and President Yuan Chun, Executive Director and Vice President Lei Weibin, and Chief Financial Officer Shen Guangping To attend a meeting. However, compared with previous years, there are fewer familiar faces on the podium.

On the day of the performance meeting, Hongyang Real Estate was exposed to the news of layoffs of 30%: the resignation of senior executives in multiple business lines, causing shocks in multiple departments; multiple departments need to determine the optimization list and complete the process before March 31. And the main reason for the layoffs is that Hongyang has reduced costs and increased efficiency due to lack of profitability.

The “Daily Business News” reporter verified this with Hongyang Real Estate, and the other party denied the rumors of layoffs.

Hongyang Real Estate delivered a relatively dazzling performance in 2020: revenue increased by about 32.9% year-on-year, gross profit increased by about 18.2% year-on-year, net profit increased by 13.4% year-on-year, and net profit attributable to parent increased by 13.2% year-on-year. In addition, contracted sales increased by 32.8% year-on-year, continuing to hit a record high.

However, Hongyang Real Estate’s gross profit margin has dropped by about 2.7 percentage points from 2019, and its net profit margin has also dropped to 9.2% from 10.78% in 2019. The reporter’s inquiry found that the two project indicators of Hongyang Real Estate’s gross profit margin and net profit margin have fallen for 4 consecutive years.

Yuan Chun also said at the performance meeting that in the future, it will be more necessary to practice internal skills to improve the profitability of Hongyang Real Estate.

“Hundred Billion” plan stranded

But there are many hidden worries behind the seemingly dazzling performance.

In 2017, Zeng Huansha set a “three-year 100 billion” plan, but at the end of 2020, the sales rating was 86.5 billion yuan, which is still quite far from the “100 billion” target.

Among them, the Yangtze River Delta contributed 80% of Hongyang’s sales, and Jiangsu’s sales alone reached 45.9 billion yuan. From the perspective of city level and energy level, the sales of new first-tier and second-tier cities accounted for 82.5%, which also led to the year-on-year increase in the average sales price of Hongyang (an increase of 10% to 14,622 yuan/square meter).

Perhaps because the sales growth in 2020 is not as good as expected, the management did not take the initiative to mention the sales target for 2021. If calculated on the basis of Hongyang Real Estate’s sales of 140 billion yuan in 2021 and the industry’s average sale rate of 60%, Hongyang Real Estate’s sales may reach 84 billion yuan.

But the premise is that it is necessary to guarantee the contracted payment return rate of 88% and above. Once the return rate drops, the current sales value that can be carried forward will also decrease, and Hongyang Real Estate may face the embarrassment of a decline in sales.

With a compound growth rate of 30% in the past three years, Hongyang has still failed to enter the “100 billion” threshold. However, at the performance meeting, the management of Hongyang Real Estate seemed to have changed their views on scale development.

“Under the background of the return of profitability and scale in the real estate industry, profitability is the foundation for the survival of the company.” Yuan Chun said at the performance meeting that for the current Hongyang, scale is not the first. A certain scale is necessary, but in the face of the current industry structure, there is no profit, and no matter how big the company is, it does not make sense.

4 consecutive declines in gross profit margin and net profit margin

It is true that profit is the core meaning of an enterprise, and this is also the biggest problem facing Hongyang Real Estate.

A reporter from the “Daily Economic News” found that the gross profit margin of Hongyang Real Estate from 2017 to 2020 was 40.58%, 31.25%, 25.14%, and 22.36%, which had declined for 4 consecutive years; the net profit margin was 19.47%, 14.32%, and 10.78, respectively. %, 9.2%, have fallen to single digits in 2020, and are far lower than the average net interest rate of 14.29% of the 50 typical listed real estate companies in 2019.

An industry insider who did not want to be named told the “Daily Economic News” reporter that the core problem facing Hongyang is that it has expanded rapidly in the past three years and has taken a lot of high-cost land. On the one hand, it has expanded its leverage and made great strides in order to add new goods. Value sacrifices profits, leading to low core profits carried forward in the report.

Looking back, it can be seen that Hongyang Real Estate began to expand in 2018. At that time, the changes in the policy of limiting land prices and housing prices have already appeared. The speed of real estate sales has slowed down, coupled with the increase in financial costs, which further swallowed profits.

“After 2020, under the new “three red lines” financing regulations, real estate companies need to lower their leverage in a short period of time to avoid continued business deterioration. For Hongyang Real Estate, it is even more necessary to reduce the pressure because its debt scale and leverage have already been used. Close to the extreme.” The above-mentioned industry insider said.

Delay in business

Commercial is regarded by many real estate companies as a means to boost profits, and Hongyang has also vigorously proposed a “commercial round”, and Hongyang Real Estate, which was born in a commercial store, seems to have such genes.

But the reality is that Hongyang’s reliance on residential development business has never been reduced. The annual report shows that in 2020, the operating income of Hongyang Real Estate is 20.159 billion yuan, of which 19.616 billion yuan for real estate development, accounting for more than 97%.

In fact, as early as the 2019 performance meeting, the management of Hongyang also specifically mentioned the business plan. However, in the 2020 performance meeting, there has been almost no mention of the part of heavy-asset commercial real estate.

“The main reason for the fading out of business is the low quality of operation.” A person familiar with the matter told the “Daily Business News” to tell reporters that the reason for Hongyang’s business is inseparable from the linkage with housing to obtain land. The actual operation quality of Hongyang Plaza, Home Furnishing Expo Center and other businesses is not high.

“For a business to operate well, it must first have a strong brand and strong enough IP to have the capital to hook up. Hongyang wants to learn from Xincheng, Wanda and Red Star Macalline, but it has not been in place. On the one hand, it is because its own cash flow is not enough. Sufficient, and the financing cost is not low enough. On the one hand, the brand premium and product standardization are not enough to gain a foothold in cities with strong competitors.” The above-mentioned insiders bluntly said that it is already very difficult for ordinary enterprises to obtain land by business, and Hongyang does not dare to do so. Shen does not have much advantage in the face of powerful opponents in second- and third-tier cities.

Therefore, there is only one way for Hongyang Real Estate: sinking and deep ploughing. Hongyang is also aware of this problem. At the performance meeting, Zeng Huansha positioned its development strategy in 2021 as “to expand Jiangsu, cultivate the metropolitan area, and strengthen the central city”.

Focus on quality growth in the future

In-depth cultivation and thoroughness test the company’s refined management capabilities. This is the weakness of Hongyang, which relies on high turnover and high leverage.

Zhang Bo, Dean of 58 Anju Guest House Property Research Institute, told the reporter of “Daily Economic News” that the logic of scale is no longer feasible. Real estate companies must reduce their debts and adjust their balance sheets. They must change their thinking and refine operations. This is an inevitable choice.

But back to the manufacturing logic, the refined management of small real estate companies, that is, reducing costs and increasing efficiency is difficult to increase significantly in a short time. Because real estate is not a technology industry, and real estate companies don’t have much technology investment, they can only work hard on “cost reduction”.

“Hongyang announced the news of 30% layoffs on the day of the performance meeting. I don’t think it is surprising that reducing costs will inevitably lead to layoffs and cost control actions.” Zhang Bo said bluntly, relying on this “hard landing” method to reduce costs, trying to reduce costs. Increasing revenue is not long-term.

The reporter noted that since the end of last year, Hongyang executives have changed frequently. Executive President Zhang Liang, President Jiang Daqiang, and General Manager Han Cunlei of the Capital Management Center have left one after another.

In Zhang Bo’s view, Hongyang Real Estate should change its investment thinking. It should not only guard the second and third tier cities. The sinking may also force some goods-to-land ratios and profits. At the same time, it must also strengthen land acquisition and mergers and acquisitions. In addition to the main business, opportunistic investments must also be made to ensure profitability. In addition, focusing on one’s own waterway, making premiums and differentiation in products, these are the long-term solutions and are also the top priority of Hongyang.

Yuan Chun also said at the performance meeting, “Hongyang has entered the stage of the top 50 in the industry, and quality growth is more important in the future. Next, we will focus on core competitiveness and steady and quality growth.”

Daily economic news

In the current layout of semiconductor companies in my country, SMIC is undoubtedly the leader and the most advanced company in domestic chip foundries. It has successfully mastered the production technology of 14nm chips and has begun to launch an offensive horn to 7nm. As for the achievements of SMIC, Liang Mengsong played a key role in it. It can even be said that without Liang Mengsong, there would be no SMIC today. However, it was such a leader in chip manufacturing and R&D who submitted his resignation to the SMIC Board of Directors at the end of 2020, which aroused widespread domestic discussion.

Liang Mengsong has worked for TSMC and Samsung, two companies with the world’s top chip manufacturing technology, and has made significant contributions during his tenure. In 2017, Liang Mengsong formally joined SMIC, served as its co-CEO, and became a director. While the precarious SMIC was respite, it also ushered in a major change. During Liang Mengsong’s tenure, he led SMIC to successfully achieve the five-generation leap. It took 300 days to upgrade SMIC from 28nm process level to 14nm process level, which enabled SMIC to secure its position as the most advanced chip foundry in China. Currently the only domestic chip foundry that has achieved 14nm mass production. However, why is such a powerful person in the field of chip manufacturing suddenly submitting his resignation? In this regard, the outside world has mainly speculated on three points.

One is because of the controversy over SMIC’s future development route

Liang Mengsong adheres to the advanced process technology route, and believes that SMIC should launch into 7nm and higher-level processes, and strive to catch up with the R&D and production steps of TSMC and Samsung, making SMIC a real breakthrough in technology. However, the new leader Jiang Shangyi believes that SMIC should adopt packaging technology and chiplet technology, and strive to make breakthroughs in these two areas to make SMIC gain more profits. In this environment, Liang Mengsong submitted his resignation.

The second is because of the checks and balances of power, or Liang Mengsong did not get the corresponding respect

As the company’s co-CEO, the company’s major personnel changes should be known long in advance. However, Liang Mengsong was not informed of the news until a few days before Jiang Shangyi took office, which made Liang Mengsong extremely unbalanced. Of course, Jiang Shangyi and Liang Mengsong had had grievances before, which further aggravated Liang Mengsong’s dissatisfaction and submitted his resignation.

The third is because of the internal power struggle of SMIC

Before Liang Mengsong joined SMIC, SMIC was in a state of disarray, with all parties competing with each other and no control. This is mainly because Zhang Rujing introduced capital from the United States, Singapore, China and other countries when he was founded. Under the leadership of Liang Mengsong, SMIC has made continuous breakthroughs in technology, and naturally some capital is not happy.

Although Liang Mengsong submitted his resignation to SMIC, he did not get a reply immediately. On the contrary, now it has been satisfactorily resolved, making SMIC a promising future. After the resignation storm, Liang Mengsong continued to serve as the co-CEO of SMIC, and achieved tremendous improvements in all aspects such as salary. Liang Mengsong’s resignation storm has come to an end! SMIC has laid down its capital and its salary has quadrupled. It is reported that Liang Mengsong’s annual salary has risen from US$340,000 to US$1.53 million, which has quadrupled, and he has obtained a house worth about 22.5 million yuan. It is not difficult to see from this that SMIC has indeed made a bloody effort in order to retain Liang Mengsong.

With a four-fold increase in salary and a delivery of properties worth 22.5 million, Liang Mengsong’s resignation finally ended. In this ending, some people might think that Liang Mengsong is just for the money? In fact, personally feel that whether it is or not, this is human instinct, even if it is the original intention of Liang Mengsong’s resignation, there is nothing wrong with it. From the perspective of Liang Mengsong’s contribution to SMIC, he can fully accept such treatment. Not to mention that Liang Mengsong almost donated his income from SMIC to Chinese charity.

After Liang Mengsong’s resignation storm ended successfully, SMIC was once again on the right track of research and development. It is reported that SMIC will conduct trial production of 7nm process chips in April this year, which is undoubtedly a huge piece of good news for the Chinese semiconductor industry. Once it succeeds, it shows that my country has successfully entered the high-end chip manufacturing process industry and solved the worries of many technology companies.

In fact, it should be expected that Liang Mengsong will stay at SMIC in the end. Liang Mengsong’s contribution to SMIC is indelible, and it also proves that Liang Mengsong’s key to SMIC’s future development. For such an outstanding semiconductor scientific research talent, SMIC will naturally not let Liang Mengsong go away at the critical moment of the national semiconductor industry and the shortage of related talents. And even if Liang Mengsong resigns from SMIC, with his own level, he can enter other major scientific research companies such as Huawei HiSilicon, continue to lead China’s semiconductor industry to prominence and shine in scientific research.

Illustration

According to TS. Phan Huu Thang, Vice Chairman of Vietnam Real Estate Association, industrial real estate is a bright spot in the coming time. The number of 326 industrial parks, thousands of hectares of industrial land in our country has been attracting great attention to foreign businesses.

“In the coming time, real estate investors may pay attention to this market”, Mr. Phan Huu Thang emphasized.

Actual developments in the market and a survey by the Vietnam Real Estate Brokerage Association show that the current average occupancy rate in industrial zones is over 70%; Average factory rent across the country ranges from 60,000 to 80,000 VND / m2 and the price of land in industrial zones with infrastructure ranges from 3-5 million VND / m2 and may continue to increase in the near future.

In the first quarter of 2021, the industrial real estate market was very active in a number of localities with great potentials and strengths in industrial development, including Long An, Dong Nai, Binh Duong, Binh Dinh, Thanh Hoa, Quang Ninh, Hai Duong, Bac Giang …

Along with that, most of the provinces and cities capable of industrial development are very interested in proposing the development of new industrial zones, and at the same time have specific mechanisms and policies to attract investors, especially foreign enterprises investing in these industrial zones.

In the context that Vietnam successfully prevented the COVID-19 epidemic and positive results in economic development, experts in the real estate sector forecast that in 2021, the shift of production and installation of orders. goods from outside areas continue to shift to Vietnam will be a ‘push’ to increase the demand for industrial real estate in the country.

Accordingly, many new industrial zones will continue to participate in the Vietnamese industrial real estate market and there will be many new projects to develop infrastructure of industrial parks approved. Many logistics projects serving industrial zones will also be promoted.

However, real estate experts also warn localities to carefully calculate in the new industrial park project, to avoid falling into the risk of redundant crisis as happened to some localities. Phuong.

Not believing what Ji Ah said but strange events kept clinging to In Beom. Having not resolved the mind of the injustice, he cannot escape the loop being dragged unconsciously. Although she temporarily believed in the existence of demons, In Beom still refused to be Ji Ah’s assistant out of fear.

Ji Ah and In Beom continued to clash in the unjust case of the young dead painter. He just set up a fake trap to make money, but it coincidentally coincides with the case she is solving. Thanks to physical contact with each other, Ji Ah felt the magic aura in his body.

In beom is a destiny person who can help Ji Ah escape from her mother. She offered to cooperate and conduct spiritual testing. However, the connection between her mother and his biological uncle is too mysterious, making the incarnation problematic. In Beom woke up with a portion of his memory unjustly.

The mystery of the death of Ji Ah’s mother and her uncle causes In Beom to make a reckless long-term cooperation decision. How will this risky business turn out to be?

Look forward to the next episode of Real estate exorcism on Wednesdays – Every year on KBS2 and to be updated at SAOstar.

The process of geological tectonics and volcanic lava over millions of years has created amazing “rare and difficult to find” topography, geomorphology and natural scenery for Phu Yen land with a series of lagoons, bays, rocky rapids. along the coast, such as Xuan Dai bay, Vung Ro bay, Vung Lam, Cu Mong lagoon, O Loan lagoon, Da Disc ganh, Den Den, Mui Dien, Van Hoa plateau …

Along with that are beautiful beaches such as Bang beach, Bau beach, Nom beach, Thung beach, Tu Nham beach, Mai Nha island, Ong Xa Island, Nhat Tu Son, Yen island, Chua island, Nua island …

The “rare and difficult to find” geological structure creates an attractive landscape for tourists

There are also unique historical, architectural, and religious works such as Lang Lang Church, Nhan Tower, White Stone Pagoda, An Tho Citadel, Mr. Cop Bridge, Tam Giang Dam … In addition, in Phu Yen There are also many special festivals such as Tam Giang River Festival, Cau Ngu Festival … Can deploy a variety of tourism products such as marine tourism, discovery tourism, experience tourism, travel. culture, community tourism …

Phu Yen also has a strategic trade position connecting the South Central Coast with the Central Highlands region and is the focal point of the North – South road, sea and railway routes. Phu Yen currently has deep-water seaports with a capacity of 100,000 tons that can enter and exit, railway stations North – South and Tuy Hoa International Airport are being upgraded to capacity of 5 million passengers / year.

With the above strategic location, Phu Yen is a suitable place to develop tourism products “one journey – many destinations” or “one trip – many experiences” …

The appearance of the luxury resort real estate project contributes to raising the position of Phu Yen on the world tourism map

According to economic expert Tran Dinh Thien, in order to create a “kick” to raise the level of local tourism, Phu Yen must have a breakthrough development in tourism infrastructure, especially quality hotels and accommodation. high.

This locality needs to have more large-scale, 5-6-star international tourist sites that are recognized by the area invested, managed and operated by large tourism corporations and brands. focus on upgrading Tuy Hoa international airport to expand international routes, welcome more flights to bring tourists from abroad.

Types of tourism services, commercial centers, shopping, performing arts, outdoor sports, beach sports … also need to be invested in to create an exciting atmosphere for resorts. schedule, stimulate spending and retain visitors.

Change the appearance of Phu Yen tourism

In recent years, large real estate groups at home and abroad are “landing” in Phu Yen with a series of large-scale projects, synchronous and modern planning with a total investment of up to tens of thousands of billion VND. .

Representatives of Everland Group said that this enterprise will synchronously deploy two real estate projects, Xuan Dai Bay Resort Complex and Crystal Holidays Marina Phu Yen in the area of ​​Xuan Dai ward, Song Cau town. Phu Yen province.

These are 2 projects of 5-6 star international standard resort tourism with a scale of 24.36ha, total investment capital of nearly VND 2,200 billion, located in the urban tourism and service population of more than 500 ha in the south. Song Cau town, Phu Yen province.

Overall perspective of 2 5 – 6 star resort real estate projects in Song Cau town in Phu Yen

Located adjacent to National Highway 1A, section passing Song Cau Town, stretching along the mouth of Xuan Dai Bay and Ong Xa Islet, Xuan Dai Bay project and Crystal Holidays Marina Phu Yen project form a unique tourist resort complex. including complexes of hotels, villas and resorts on the mountain, on the beach and on the island (Ong Xa isle).

Perspective project Xuan Dai Bay announced by EverLand Group

The beach complex includes a complex of resorts, shopping, and entertainment projects designed in Mediterranean architecture style with indigenous cultural elements including clusters of sea-facing villas, lakeside villas. interspersed under coconut palms and tropical gardens are highlighted by a 5-star 25-storey hotel, stylized in the shape of a Peacock boat mooring in Vung Lam.

This is also the highest 5-star hotel on Cau River with 500 rooms, sea view, admiring the whole landscape of Xuan Dai Bay national beauty and Vung Lam relics.

Perspective island of Santorini with international class 6-star tourist population

According to the representative of Everland Group, the implementation progress of the two projects above is 36 months when completed on schedule, will provide many international standard 5 – 6 star hotel rooms and high quality resort villas. with closed services and utilities.

The source revealed that the house of the beauty born in 1998 is located in an area where only 70 households live, of which 10 belong to single people. The view to the sea is the point that Dieu An Na wants to buy this property.

The Chinese blogger shares the video inside Yao An Na’s thousand square meter mansion. Photo: Ujoy.

According to the share, the total area of ​​land used is more than 2,000 m2 with many trees stretching from the gate to the front of the villa. Dieu An Na spends more than 200,000 yuan (more than 30,000 USD) to take care of the trees and clean the swimming pool in the garden.

In the video, this blogger said that Dieu An Na was invited to admire the house. However, the female singer was away, so she asked the housekeeper to receive guests. “The butler said that it is necessary to have a private helicopter to take Dieu An Na on travel, because the villa is too far from the city center and takes a long time to move,” the source said.

In addition to this property, Yuyao An Na owns many other valuable properties, notably a $ 2.5 million apartment in Beijing. Dieu An Na often lives here because of its convenient location.

Dieu An Na is the daughter of Huawei CEO Nham Chinh Phi.

Born in 1998, Dieu An Na is the beloved daughter of Huawei CEO Ren Zhengfei with his second wife Dieu Lang. At the age of 9, An Na liked to dance and was well trained at a dance center in Shanghai. During this period, she participated in some plays such as Swan Lake, Dancing Girl, Sleeping Beauty…

In addition to music, she also loves fashion and brands. According to sharing, An Na graduated from Harvard University in Computer Science, currently living in China.

Earlier this year, she announced to join the entertainment industry. As soon as she debuted, Dieu An Na became the cover of the magazine OK! and the face of a car company.

At times, many places across the country were flooded with information about sophisticated tricks to “hide the ball” of multi-level business. At that time, the wave of multi-level sales such as octopus spouts, crept into every corner in many rural areas, stirred the already very peaceful lives of the people here. Because of the desire to be rich, many people have spent money to multilevel and then fall into the trap of scams that the family goes bankrupt.

But the multi-level “tornado” is still nothing compared to the “fever” of virtual land.

Artwork: Ha Giang

These days, real estate prices in many provinces are increasing “rapidly”, creating a “fever” of land, especially in rural areas. Provinces and cities such as Hanoi, Thanh Hoa, Quang Ninh, Bac Ninh … land prices in suburban areas have doubled or even tripled in just a few months. In many places, people quit production and business to carry money to trade land.

The land fever not only occurs in the planned areas but also occurs in locations that are not under the planning such as: forest land, field land, garden … “Storks” appear everywhere in the area. These areas create false excitement, pushing prices up every hour to entice investors in. For example, outside of Hanoi, there are areas that increase the price from 5 million / m2 to 7 million / m2 in just one day….

In general across the country, the average land price increases 10% -15% after 1 month. With such attractive profits, many people quit their businesses, their production, and withdraw money from banks to invest in land.

Everywhere, everywhere, people talked about land prices. This story appears in the whole meal, the people’s sleep makes life turn upside down, work stops.

Prescribe root treatment

According to many opinions, the low interest rate of credit plus the idle money of the people makes a large capital pouring into real estate, creating a virtual “fever” in the suburban areas.

This is not the first time the appearance of “fever” of soil. So the question is where is the managerial responsibility of the authorities, especially the responsibility of the local government?

The local government – where the land “fever” occurs, cannot ignore this situation because it will make a big obstacle to calling for and attracting formal investment. In fact, the increase in land prices will lead to a series of other costs increasing, especially the cost of compensation for site clearance … Thus, it will affect economic development in localities with ” fever “soil. Consequences of the land price increase will also reduce investment resources for production development in many other sectors and fields of the country.

Therefore, the local government needs to promote propaganda and explain to the people the serious consequences of the land “fever”, which will certainly limit a lot of speculation.

Commenting on this issue, Professor Dang Hung Vo – former Deputy Minister of Natural Resources and Environment, said that the “fever” situation of land everywhere over time is partly due to the impact of the 2013 Land Law. regulations on sub-plots for sale are expanded.

According to him, countries around the world use the form of subdivision for sale only to settle urban housing, not in commerce because in principle, the real estate market must exploit the value of the investment. land, not waiting for land price increases to make a profit as a form of “eating away”.

Professor Dang Hung Vo pointed out, from 2016 to 2020, the Government has instructed four times to amend the Land Law, however, up to now the Land Law has not been revised. In particular, the land is clogged with old regulations. For example, current agricultural land has not yet implemented effective accumulation and concentration. Along with that is the land transfer in the countryside almost not according to the procedure but mainly by handwriting. Then the problem of housing development nowadays also has many bottlenecks … Especially the problem of foreigners buying underground land in Vietnam … It is these shortcomings that have a direct impact on the real estate market, making distorting and manipulating the market, creating opportunities for those who have the opportunity to make money.

Therefore, Professor Dang Hung Vo emphasized that the revision of the Land Law is extremely necessary.

Along with that, according to experts’ view, in the context that lending interest rates are pouring heavily on real estate, the State Bank needs to closely monitor and supervise lending activities to prevent loans to production and business, but actually poured into real estate.

Deputy Minister of Construction Nguyen Van Sinh. Photo: VGP

This is the information emphasized by Deputy Minister of Construction Nguyen Van Sinh during the meeting to provide information to a number of press agencies about the situation of land fever, virtual land fever in some localities in recent years.

There are many “risks” in real estate transactions

Deputy Minister Nguyen Van Sinh said that in the first quarter of 2021, the real estate market had many fluctuations, although the volume of real estate transactions under the supervision of the Ministry of Construction, was only about 70% of the transactions in the fourth quarter of 2020.

Real estate prices increased slightly, especially apartments also increased from 5% to 10%. In particular, land prices have had a hot, local phenomenon in some localities across the country such as areas around Hanoi, Quang Ninh, Hai Phong, Bac Ninh, Bac Giang, Hoa Binh, Phu Tho, Ho Chi Minh City, Dong Nai. , Binh Duong, Binh Phuoc, Binh Thuan …

Many people leave their jobs and production to trade land, creating local land fever phenomenon and risks affecting socio-economic development in the area.

It is worrying that many real estate transactions have emerged problems affecting the interests of people, especially real estate transactions with ineligible legal conditions.

“That is a situation that many projects that have not invested in technical infrastructure have real estate transactions; Many transactions took place with forest land, agricultural land, production and business land that has not been used for investment in real estate projects. It can be said that these transactions do not guarantee legal requirements, potential risks for people when investing in real estate in the past time, “Deputy Minister Nguyen Van Sinh warned.

Five causes of land fever – virtual land fever

According to Deputy Minister of Construction Nguyen Van Sinh, in recent years, most localities have been very active in preparing provincial planning according to the provisions of the Law on Planning 2017. At the same time, localities are also interested in the planning investment and development of urban projects, housing projects, and large-scale technical infrastructure projects. Urban upgrading is also happening synchronously.

Deputy Minister Nguyen Van Sinh stated, “The planning and announcement of the local planning has not been made public and transparent for timely orientation for people and businesses, leading to investors and businesses. The real estate has taken advantage of this lack of transparency to push land prices up as in the past “.

Land fever has occurred in some localities in recent years. Photo: VGP

Second, due to the impact of the COVID-19 epidemic, the bank interest rates, including those at commercial banks, are very low. This investment channel is not attractive to people to send money. Therefore, at present, many investors and people with idle money tend to invest in real estate transactions because they think that this transaction is safe, effective and has opportunities for the future.

The third reason, according to Deputy Minister Nguyen Van Sinh, in recent years, the investment in the development of housing, real estate and urban projects has also faced many difficulties, especially legal procedures. Land management, investment and construction are still difficult, leading to a limited supply of real estate.

Next is the investment and development of affordable commercial housing, social housing, for the poor in urban areas as well as workers in industrial zones that have not been given adequate attention by localities. leading to a lack of social housing supply, not meeting the needs and needs of the current people.

Fifth, now some localities have had a policy of increasing land prices according to the roadmap with an increase of 15-20%. Although this land price increase has not affected much real estate transactions today, because real estate transactions have now been allocated land and invested in the past, but the policy of increasing land prices has affected. affecting psychology and the increase in real estate prices in recent times.

Transparency about planning and implementation progress of projects

Deputy Minister Nguyen Van Sinh said that over the past time, the Government and the Prime Minister have focused on directing ministries and localities to drastically step in and take specific solutions to prevent and strictly deal with the phenomenon. virtual land fever in some localities.

Specifically, focus on building and perfecting the legal system related to land, real estate investment, construction and trading to remove difficulties, especially in terms of investment order and procedures.

The Government has submitted and approved by the National Assembly the amended Investment Law, the amended Construction Law, the decrees have also been issued by the Government such as the Decree guiding the Construction Law, the Decree guiding the Investment Law; Amended Decrees related to the Decree on management and development of housing projects and guide the Housing Law and the Decree on social housing development.

Along with that, the Government has also instructed the State Bank of Vietnam to better control credit, especially credit in real estate, to avoid “double risks” in this area.

At the same time, to direct localities to focus on investment in developing social housing, cheap commercial housing to meet the housing needs of people, especially workers in industrial zones.

For localities, Deputy Minister of Construction Nguyen Van Sinh suggested that in the coming time, focus on completing and approving planning projects, paying attention to urban development projects, housing projects. ensure synchronous technical infrastructure, social infrastructure and full legal status for real estate projects, control real estate transactions to ensure demand.

Continuing to make public information about the planning and implementation progress of projects in order to make information transparent, prevent the spread of rumors, speculation to push prices and profit from a number of projects that have occurred. out in the past.

In addition, there should be strict measures to prevent the transfer of land use rights, division of plots, sale of land in some areas that have not yet been allowed to invest. Deputy Minister of Construction Nguyen Van Sinh proposed to manage and control the purchase and sale of real estate transactions many times to better control the increase in land prices, especially through management measures. very good organizations and individuals in real estate transactions and brokerage.

At the same time, it is suggested that localities in the coming time strengthen the inspection, examination and strictly handle cases of real estate investment and trading in contravention of regulations, especially ghost projects, projects are not enough. Legal documents, real estate business conditions.

For real estate businesses, it is necessary to strictly comply with the investment order and procedures, especially the procedures for land allocation and construction investment, so that real estate investment and business projects are fully fully legal, complying with regulations on construction investment in real estate projects.

In the coming time, businesses need to pay attention to invest in real estate and housing projects to ensure synchronous technical infrastructure, social infrastructure, legal status and do business, business transactions. to trade real estate in accordance with law.

Deputy Minister Nguyen Van Sinh also recommended that people and businesses who are interested in the real estate field are very calm, wary of rumors, study and carefully consider legal documents of projects. Real estate transactions and real estate transactions only when there is clear legal documents, in accordance with the provisions of the law.

Illustration.

As VnEconomy reportedAccording to the latest figures from the State Bank, in the first quarter of 2021, real estate credit has reached 1.85 million billion dong, up 3%. So this number has fully reflected and is the main reason why the real estate market is so hot today?

During the past 3 years, real estate investment credit has always been closely cared and controlled by the State Bank. Therefore, credit growth in this area tends to decrease. In 2020 alone, it will increase by only 11.89%, while the previous two years 2018 and 2019 will increase from 26-28%.

According to the operator’s representative, at the end of 2020 and the first quarter of 2021, real estate credit tends to inch up a bit. However, the growth rate is only equivalent to the overall credit growth of the whole country of 2.93%.

Credit for life has also reached nearly 1.87 million billion, up 1.2% compared to the beginning of the year. In particular, although it is difficult, it is also necessary to evaluate how much consumer credit is poured into real estate.

At the same time, compared to the same period in 2020 when the epidemic causes the real estate credit rate to increase by 1.84%, the above rate may be higher. But compared with the time of the first quarter of 2019 was 5.19% and the previous years, this rate is not higher, even much lower.

If you look at the above statistics, it can be seen that real estate credit is not the main cause of the current “land fever”.

However, when VnEconomy exchanged with an economist, he said that the above figure could not fully assess the credit flow flowing into real estate. Because, credit for life has also reached nearly 1.87 million billion, or 1.2% increase compared to the beginning of the year. In particular, although it is difficult, it is necessary to evaluate how much consumer credit is poured into real estate.

“When surveying a few projects that are selling land plots in the outskirts of Hanoi, I find that the buyers are mainly speculators, they not only buy 1 or 2 plots, but buy the whole range. In addition to existing out-of-pocket money, capital from the bank is indispensable. It is worth mentioning that they are allowed to borrow capital in the form of consumption, but with the amount of up to tens of billion dong, ”said the expert.

Besides, he also said that the real estate market is welcoming many new “players”. They are inherently participating in other industries, but due to the Covid-19 translation, their production and business have stalled. While real estate profit margin skyrocketed, so decided to change direction. In fact, just go online to search for the phrase “encroach on real estate” to be able to identify these new “players”.

“The capital accumulated for many years has been converted to real estate, while the capital for business operations is borrowed from the bank. Thus, this credit flow will be listed on production and business activities, not on real estate. The statistic is just the tip of the iceberg, ”said the expert.

The State Bank is asking credit institutions to inspect and strengthen supervision of regulations on real estate lending conditions, to ensure compliance with regulations, while being able to manage cash flow when loan.

That is an expert opinion, but on the part of the State Bank, Deputy Governor Dao Minh Tu said there are many reasons for the real estate market to overheat in recent years, such as rumors about planning information, the supply is limited while the demand is great, the land price list increases …

In addition, Mr. Tu also noted that real estate loans have two subjects, one is lending to the low-cost housing market segments, social houses or real estate with the nature of consumption. it is still guaranteed to serve the people well.

Second, real estate projects and high-end segments such as villas, resorts … with poor liquidity in the future will be revalued and strictly controlled.

“Real estate credit status higher than overall credit growth only appears in a few credit institutions and mainly focuses on the first object,” said the Deputy Governor.

Over the past years, the State Bank has consistently maintained its management target and has taken many measures to control credit in potentially risky areas, including real estate. For example, the system is implementing a regulation on short-term deposits for medium and long-term loans at 40% and that these loans must apply a risk factor of about 200%.

At the same time, the Deputy Governor also said that the State Bank is asking credit institutions to inspect and strengthen supervision of regulations on real estate lending conditions, to ensure compliance with regulations, in parallel. with that is managing cash flow when lending.

“The most important goal of 2021 when setting a credit growth target of 12% is to focus on the priority and necessary areas. Focusing on key works and projects of the State, as well as prioritizing certain economic sectors, such as exports to support economic growth rates according to the goals set by the National Assembly. Therefore, real estate credit will be tightly controlled and cannot increase hotly ”, Mr. Tu emphasized.